China

European, U.S. battery makers race to develop cheaper cell materials, skirting China

Battery Bloomberg.jpg
Today's EVs run on lithium ion batteries, which require lithium, cobalt, manganese and high-grade nickel, whose prices have soared. (Bloomberg)
R
By:
Reuters
November 15, 2022 09:57 AM

U.S. and European startups are racing to develop new batteries using two abundant, cheap materials — sodium and sulfur — that could reduce China's battery dominance, ease looming supply bottlenecks and lead to mass-market electric vehicles.

Staying current is easy with newsletters delivered straight to your inbox.