Russia's Nornickel opens EV battery R&D centre

admin admin | 09-24 16:20

Potanin also named Russia's nuclear power monopoly, Rosatom, as a potential partner for an EV battery venture in Russia.
Russia's Nornickel opened an R&D centre in St. Petersburg on Monday to study the use of nickel-containing cathode active materials in electric batteries, marking the first stage of the Russian firm's entry into battery production.

The company, a major producer of high-grade nickel, said that the launch "is expected to lay the groundwork for future projects aimed at establishing production facilities in the battery materials sector."

Nornickel, which reported a 22% fall in first-half profit on Aug. 23 due to weak nickel prices, logistical difficulties, and issues related to cross-border payments, is closely looking at the EV batteries sector.

Nornickel's Vice President for Innovations, Vitaly Busko, said the move to open an R&D centre also "aligns with Russia's goals of ensuring a full-cycle battery production for electric transportation."

Busko told the Russian media at the launch event that the company will decide within one year whether to open a cathode active materials production facility. He said that the company is looking for a possible location for such a facility.

Nornickel's CEO, Vladimir Potanin, said in April that the company planned to develop a nickel supply chain in the EV batteries sector and create joint ventures with Chinese EV battery producers.

Potanin also named Russia's nuclear power monopoly, Rosatom, as a potential partner for an EV battery venture in Russia.

The company also said it is looking for ways to integrate in the global EV battery production as a way to weaken the impact of the Western sanctions against Russia on its business.

In July, sources told Reuters that Nornickel is in talks with several Chinese battery companies to build a plant jointly producing nickel material from Russian semi-finished products.

EV batteries are charged and discharged by the flow of lithium ions between the graphite-containing anode and the cathode. Cathodes contain nickel, which delivers high energy density, allowing the vehicle to travel further.

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.


ALSO READ

Hyundai Motor India lists with record IPO, commits to Indian market with new tech and EV plans

As part of its effort to introduce clean mobility solutions for Indian buyers, Hyundai will launch f...

auto | 2 hours ago

Skoda Auto Volkswagen India plants over 7 lakh trees in Maharashtra for ecological restoration

Additionally, SAVWIPL has installed 18.5 MWp of rooftop solar power at its Chakan facility, which of...

auto | 2 hours ago

Mega Corporation launches Lendingo to enhance EV financing solutions

Mega Corporation on Monday announced the launch of a new division, Lendingo. Mega Corporation on Mon...

auto | 2 hours ago

GreenLine accelerates decarbonisation efforts with 1,000 LNG trucks by March 2025

The government in a recent draft policy proposed to convert a third of long-haul trucks into LNG pow...

auto | 2 hours ago

Remsons Industries acquires 51% stake in BEE Lighting to enhance automotive lighting solutions

Established in 2006, BEE Lighting specialises in automotive headlamps, rear lamps, and various exter...

auto | 2 hours ago

EV Recharge partners with ZEVO for mobile EV charging solutions

EV Recharge’s technology can charge vehicles from 0% to 80% in just 20 minutes, a significant improv...

auto | 2 hours ago