Lithium Ion Battery Cathodes Market Shares, Strategies, and Forecasts to 2024 by Key Players – Sumitomo Metal Mining (SMM), Panasonic, BASF, Umicore, NEI Corporation, LG, Argonne National Labs

Worldwide markets are poised to achieve continuing growth as the advantages brought by using new materials are used to decrease the cost of producing lithium ion batteries.  The customization achieved by reducing the quantity of cobalt proportionally inside the cathode is a significant market growth driver. Lithium-ion Batteries at $100/kWh Make EVs Cheaper Than Traditional Gas-Powered Vehicles.  As the new cathode technologies are applied to lithium ion batteries, the cost of lithium ion batteries will continue to decrease.  Lithium-ion batteries aim to cost $100/kWh, – a cost that makes EVs…

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