Research

EV Battery Quest (Nickel or?)

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Algo Research Team

Industry | Apr 27, 2023 | Views: 115

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Key Summary:

  • Is nickel a must for EV future?
  • Have you heard of LFP/LiFePo?
  • Safer or More Range?

Indonesia has a big nickel mining industry; the EV industry is growing exponentially and currently, it is highly dependent on nickel to manufacture the batteries. Indonesia is strategically placing itself into the EV evolution and heavily-investing into battery manufacturing and its supporting industries on the back of Indonesia's Nickel reserves. To the point the world’s 2nd richest person as of Mar’23, Elon Musk, the man who sparked the move towards pure battery EV, was a keynote speaker a the G20 event held in Bali, Indonesia. So, it seems like a clear-cut advantage for Indonesia, or is it?

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