china's catl to start producing next-gen low-cobalt batteries in 2019: source - lithium ion rechargeable battery

BEIJING (Reuters)-
China's largest manufacturer of lithium batteries, contemporary Amex Technology Co. , Ltd (CATL)
Production is scheduled to begin in 2019-
Nickel-
Rich battery, lower manufacturing cost, longer life
According to the internal company introduction and company source, span.
The company has yet to officially announce plans for the NCM 811 battery, as global battery manufacturers have been looking for ways to reduce the cobalt ratio in batteries to reduce costs.
Price of cobalt to stabilize and extend lithium life-
The price of ion rechargeable batteries has risen by 130% to more than 2017, setting a record high of $95,250 per ton this year amid strong battery demand.
Because of the supply of cobalt, it has exceeded these levels --
Most of them are from the Democratic Republic of the Congo --
But battery makers are still looking for ways to reduce usage.
LG Chem and SK Innovation in South Korea say they are producing the same type of battery.
The name NCM 811 means that the battery content is 80% nickel, 10% cobalt and 10% manganese.
A source at CATL declined to be named because he had no right to speak to the media and he confirmed the authenticity of a copy of the presentation reviewed by Reuters.
CATL's CTO, Robert Galyen, gave an introduction and presented a roadmap for its cell production and module procedures.
CATL declined to comment.
The company currently produces NCM 523 batteries, 50% nickel, 20% cobalt and 30% manganese.
The demo's battery production plan roadmap shows that CATL plans to produce batteries with an energy density of at least 230 watts.
Starting from 2019, every kilogram per hour, industry executives said the specification met the NCM 811 battery.
The presentation described the NCM 811 battery, the company source said.
Based in southeast China's Fujian province, CATL has reached a strategic agreement with automakers including SAIC, Geely, BMW and Volkswagen (VOWG_p. DE)
And plans to build the first European production base in Germany.
On November, a senior management of CATL told Reuters that the company was considering reducing its exposure to cobalt by changing the chemical composition of the cathode of the battery.
Panasonic, the exclusive battery supplier of Tesla's current production model, said it aims to develop cobalt-
But Umicore, a materials technology company, said such products
Due to the lack of stability of nickel, cobalt cannot be compensated.