Panasonic plans to halve cobalt portion in batteries

Discussion in 'Industry News' started by Calliers, Jul 14, 2018.

  1. Calliers

    Calliers HH's MC Staff Member

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    The Japanese company plans to change up their battery manufacturing recipe within the next two-to-three years to use only half the current cobalt components. Head of the Panasonic passenger car division, Yoshio Ito, stated there are already working prototypes, but a complex evaluation process will take place before serial production.

    The effort to reduce cobalt use in batteries comes from the fact that the material price has heavily increased recently due to demand for batteries across multiple industries. Access to the material is also not easy, as much is mined in less than humane conditions. Two thirds of the current global cobalt production are located in the Congo. Due to the expected bottle-neck in supply lines, many battery manufacturers and OEMs are already looking for alternatives.
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    Source: electrive
     

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