Global Race To Replace Li-ion Battery Heats Up: Nikkei

Magnesium-ion and zinc-ion could be two key alternatives to replace the more expensive lithium-ion batteries that’s been powering portable gadgets for nearly three decades, Nikkei reported on Sunday.

While the European Magnesium Interactive Battery Community, dubbed E-Magic, looks to pack 1,000 watts of energy density – twice lithium-ion’s capacity – into a litre’s worth of a magnesium-ion battery, a new type of zinc-ion battery that reduces fire hazards is in the works, the report said.

Limited supply of lithium and cobalt – the key constituents of a Li-ion battery – is also behind the global hunt for a replacement, which may become ready by 2030.

Read the full report: Nikkei

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Kevin Hamlin

Kevin Hamlin is a financial journalist with extensive experience covering Asia. Before joining Asia Financial, Kevin worked for Bloomberg News, spending 12 years as Senior China Economy Reporter in Beijing. Prior to that, he was Asia Bureau Chief of Institutional Investor for ten years.