RR1 5.56% 1.7¢ reach resources limited

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    Good thing RR1 has some Manganese north of Yinnie stuck between HAS and FMG, with DRE making some great finds just the other side of HAS.

    https://hotcopper.com.au/data/attachments/5721/5721837-ade0b10bfc40b48eda7a6a6371cc5877.jpghttps://hotcopper.com.au/data/attachments/5721/5721833-7afb2e6269b319327b69485ce8dff085.jpg


    https://www.adamasintel.com/sk-on-polestar-5-high-nickel-battery/

    SK On and Polestar take the high-nickel road

    Nov. 8, 2023

    SK On inks first supply agreement with Polestar for 2025 flagship model

    South Korean battery maker SK On said this week it has inked a deal with Polestar to supply lithium-nickel-manganese-cobalt (NCM) batteries for the Sino-Swedish carmaker’s upcoming flagship Polestar 5.


    The supply agreement with Polestar, owned by China’s Geely, kicks off in 2025 and shows that the longer term demand for NCM batteries is still healthy, particularly for high-end performance vehicles.


    Polestar opted for SK On “due to their superior battery cell technology that offers high-performing chemistry, fast charging, efficient discharging and superior driving range” it said in an announcement this week.


    The high-nickel cells to be used in the 5 are “ultra-long 56 cm cells”, presumably with pouch form factor. By comparison, Tesla’s 4680 cells, the largest cylindrical cells in use today, are just 8 centimeters tall.


    In 2021, SK On’s parent invested $60 million in Polestar through its New Mobility Fund, a joint venture with Geely.


    The Polestar 5 full-electric four-door coupe (which is the production version of the sleek Precept concept) was expected to go on sale next year to compete with the likes of the Porsche Taycan and Tesla Model S, but the battery deal suggests the launch has been delayed to 2025.


    Zhejiang Geely Holding Group, which also owns a stake in Mercedes-Benz, acquired Volvo from Ford in 2020 and the company subsequently spun off Polestar, which had been the Swedish company’s motorsports unit, as its electrified brand.

 
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