AABC EUROPE 2018: Shorter-range batteries will dominate mainstream EV market; help manage raw material costs – Renault

Mass market electric-vehicle (EV) production will ultimately focus on shorter-range batteries, allowing automakers to manage their exposure to cobalt prices, according to Masato Origuchi, electrical storage system expert at Renault.

By equipping mass-market EVs with smaller batteries, carmakers can keep their requirement for cobalt - and exposure to rallying prices - in check, Origuchi said, speaking at the Advanced Automotive Batteries Conference in Mainz, Germany.
Cobalt prices have soared over the past year in response to forecast demand from the EV sector and anticipated supply tightness for the battery raw material. Metal Bulletin assessed low-grade cobalt prices at $37-38.40 per lb in-warehouse on Wednesday January 31, up 119% year on year.
“It’s a question of cost but also [managing] a risk of material shortage,” Origuchi said.

According to forecasts used by Renault, 10 million electric vehicles will...

Published

Charlotte Radford

January 31, 2018

23:11 GMT

Mainz, Germany