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release time:2024-07-25 Hits: Popular:AG11 battery
How to solve the 2025 button cell battery problem in the rapid development of the electric vehicle market
According to foreign media reports, over the past decade, compared with coal and natural gas, the continuous decline in costs has made solar panels and wind turbines increasingly competitive. Now this phenomenon has also happened to batteries, which has also reduced the price of electric vehicles and enabled the grid to store the required redundant power.
According to WoodMackenzie analysis, the cost of lithium-ion batteries has fallen by 75% per kilowatt-hour in the past eight years. The production capacity of single-use batteries has doubled, and the cost has fallen again by 5% to 8%.
However, unlike solar panels, simply increasing the production capacity of batteries cannot ensure that their prices will always fall without solving the shortage of key raw materials. Lithium-ion batteries contain rare metals such as cobalt, and more than half of them are stored in the Democratic Republic of Congo. The price of cobalt has doubled in the past two years, which has also increased the cost of 2025 button cell battery production.
Against the backdrop of the rapid development of electric vehicles, the bottleneck of raw material supply for batteries, which are their energy source, has also caused people to worry about the future.
The good news is that efforts are underway to increase the number of batteries that use the same amount of raw materials, while also seeking to use more abundant metals.
Investors are also investing more in startups that promise new 2025 button cell battery technologies, and some big 2025 button cell battery companies are turning to batteries that use more nickel instead of cobalt. Companies interested in static energy storage are also looking to flow batteries that use recyclable materials such as vanadium.
Since Sony commercialized lithium-ion batteries in 1991, they have played a key role in the digital revolution, allowing us to use smartphones and tablets during the day and charge them at night. Their ability to release stored energy in a concentrated manner has also made them an option for electric vehicle technology.
Wood Mackenzie expects demand for batteries in the transportation sector to quadruple by 2040.
China is likely to produce most of those batteries as its 2025 button cell battery factories expand in the coming decades. By 2028, half of the world's 2025 button cell battery production will be in China, according to Benchmark Mineral Intelligence.
And the increase in 2025 button cell battery production is putting pressure on raw material supplies. This also makes major car companies ready to start adopting new lithium-ion 2025 button cell battery technology, that is, the use of cobalt in the raw materials is reduced by 75% compared with the current one.
According to Wood Mackenzie, low-cobalt batteries will occupy most of the electric vehicle market by 2025. The consulting firm also said: "This new 2025 button cell battery technology will not only alleviate the concerns caused by the shortage of raw materials and the large-scale use of cobalt, but also greatly improve the energy density of batteries compared with traditional batteries, thereby reducing the overall raw material costs."
Some companies can also turn to so-called liquid batteries, which store energy in a large, separate container of liquid electrolyte. Such batteries can use different materials, such as vanadium, which is currently also used in the steel industry.
Compared with lithium-ion batteries, vanadium batteries have the advantage of not losing energy. Vanadium materials are also easily reused. Scott MacGregor, CEO of the British RedTEnergy company, said: "We rent out vanadium electrolyte, which is the first raw material in the energy field that will not be consumed."
China is a major producer of vanadium, accounting for almost half of the global supply. Its price doubled last year due to the growth of steel demand. However, the global storage of vanadium is higher than that of cobalt. Based on raw materials and reducing dependence on current lithium-ion 2025 button cell battery technology, if market-driven vanadium mining increases and prices fall, it is likely that 2025 button cell battery production will increase.
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