Importance of Nickel in EV Battery Technology and Strategic Partnership with AEsir Technologies for Supply Chain Enhancement

Vedanta Nico, a subsidiary of Vedanta Ltd, has made a groundbreaking move in the world of battery technology by partnering with US-based AEsir Technologies for the supply of nickel. Nickel, a crucial component in next-generation batteries, plays a vital role in enhancing energy density, power output, and battery lifespan, especially in electric vehicle (EV) battery technology.

Nickel-rich batteries, such as nickel-zinc variants, not only offer fast charging capabilities but also reduce reliance on cobalt, ultimately improving the overall value proposition of electric vehicles. With the global demand for nickel in batteries set to skyrocket to 500,000 tonnes by 2025 from 150,000 tonnes in 2020, the collaboration between Vedanta Nico and AEsir Technologies comes at a pivotal time in the EV market adoption.

The International Energy Agency (IEA) predicts a substantial increase in the number of electric cars on the roads, rising from over 10 million in 2020 to a staggering 145 million by 2030. This surge in demand is driven by advancements in battery capacities, faster charging technologies, and the push to reduce cobalt use in batteries.

Through the strategic Memorandum of Understanding (MoU) signed with AEsir Technologies, Vedanta Nico aims to develop cutting-edge nickel-zinc batteries for critical infrastructure, 5G telecom, and electric vehicle chargers. The collaboration between the Indian nickel producer and the US-based battery technology innovator is set to revolutionize the industry with game-changing solutions that meet the evolving needs of sustainability and responsible mining.

“We are thrilled to partner with AEsir Technologies to create a game-changing battery solution for the critical infrastructure, 5G telecom, and EV market. Our expertise in nickel production, coupled with AEsir’s innovative zinc battery technology, positions us to deliver a product that meets the evolving needs of the industry. This collaboration aligns with our vision of contributing to a sustainable future through responsible mining and value-added products,” said Prashuk Jain, COO of Vedanta Nico.

The partnership between Vedanta Nico and AEsir Technologies is a significant step towards advancing battery technology and meeting the growing demands of the electric vehicle market. It highlights the importance of nickel in driving innovation and sustainability in the EV industry, setting the stage for a greener and more efficient future.