Military nickel battery | Intense competition in the high nickel market
With the increasing demand for high-nickel batteries, including military nickel battery, from OEMs, from nickel-cobalt ore companies to cathode material companies to battery manufacturers, they are also accelerating the R&D and mass production of new high-nickel products, and starting a capacity expansion model.
Global sales of new energy vehicles have surged, and the market penetration of high-nickel power batteries has accelerated.
On the application side, overseas electric vehicle sales have further increased, ternary batteries occupy the mainstream position, and mid-to-high-end models mostly adopt high-nickel technology routes, driving leading battery companies in China, Japan and South Korea, including CATL, Panasonic, LG Energy, Samsung SDI, and SKI. The installed capacity of high-nickel batteries in the international market has grown significantly.
On the supply side, the top battery companies in Japan and South Korea have announced that they are about to mass-produce or even mass-produce ultra-high nickel battery products with a nickel content of more than 90% in 2021, thereby accelerating the industrialization of upstream high-nickel precursors and high-nickel cathode materials.
At the same time, in order to ensure stable supply of raw materials and reduce procurement costs, leading battery companies and OEMs are also actively deploying upstream raw materials, locking in the supply of upstream high-nickel cathodes through strategic procurement or joint venture construction.
With the increasing demand for high-nickel batteries from OEMs, from nickel-cobalt ore companies to cathode material companies to battery manufacturers, they are also accelerating the R&D and mass production of new high-nickel products, and starting a capacity expansion model.
The high nickel cathode and high nickel power market will enter a new stage of competition.