August 26, 2018 / 4:01 AM / 3 months ago

MEDIA LINK-China's CATL plans to purchase less cobalt, more nickel in 2018 - China Securities

BEIJING, Aug 26 (Reuters) - —China’s largest lithium battery maker Contemporary Amperex Technology Ltd (CATL) plans to use less cobalt and to increase the usage of nickel in 2018 to produce its NCM 811 battery, the official China Securities newspaper reported on Sunday.

-- Source link: (news.cnstock.com/news,bwkx-201808-4263987.htm)

—CATL plans to begin producing in 2019 next-generation nickel-rich batteries, which are cheaper to make and have longer life-spans, according to a company source.

— Note: Reuters has not verified this story and does not vouch for its accuracy (Reporting by Christian Shepherd; Editing by Christian Schmollinger)

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