New battery company SVOLT Energy Technology Co. Ltd, whose precursor was the Battery Business Unit of Great Wall Motor Co. Ltd, introduced its cobalt-free lithium-ion battery cell (NMx) and four-element lithium-ion battery cell (NCMA).
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SVOLT product roadmap.
In the product launch event, Yang Hongxin, General Manager of SVOLT, said that the NMx battery cell rivals the NCM811 cell in performance, while reducing the cost of materials by 5%-15% and the cell balance of materials (BOM) cost by around 5%, and allows the materials to rise above strategic resources.
The NCMA material not only outperforms NCM811 in cycle life, but also exhibits better resistance to heat, the ability to generate less gas and greater safety, which translates into higher capacity, longer cycle life and better safety performance in the final products, the company claimed.
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