Below is a snippet from my wider DD post (link here), which...

Below is a snippet from my wider DD post (link here), which covers potential for LFP batteries.

While Tesla are looking to utilise non/low Nickel LFP batteries, Asia (Blackstone’s target market) is focusing on high nickel cathodes in their batteries:

• South Korea's top three electric vehicle battery makers; LG Energy Solution, SK On and Samsung (who supply batteries to BMW and General Motors respectively), has begun gearing up for full-scale production of next-generation batteries high in nickel content in late 2021.

• SK On's next-generation battery NCM9, composed of lithium, nickel, cobalt and manganese with 90% nickel content, will be used in Ford Motor Co.'s EV pickup set for launch in the spring of 2022.

• LG Energy Solution and SK On will this year begin the production of high-nickel batteries made of nickel, cobalt, manganese and aluminium (NCMA) and NCM9, respectively.

• Demand for higher Nickel content batteries is set to increase drastically with NCM batteries expected to dominate other Nickel rich chemistries including NCA and LMNO by 2030.