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Vedanta Nico inks pact for supplying nickel to US-based AEsir Technologies

Business Standard LogoBusiness Standard10h ago

Vedanta Nico inks pact for supplying nickel to US-based AEsir Technologies - Business Standard

Quick Summary:

Vedanta Nico, a subsidiary of Vedanta Ltd, on Monday said it has entered into a pact with US-based AEsir Technologies for the supply of nickel, a critical component for next-generation batteries.

Nickel-rich batteries, such as nickel-zinc variants, offer fast charging, reduce reliance on cobalt, and improve the overall electric vehicle (EV) value proposition.

Nickel plays an important role in EV battery technology, particularly in the cathode, where it enhances energy density, power output, and battery lifespan.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-29 @ 15:38:39 (10 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 344 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21822185

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 314 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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Publisher ID: #49

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  • URL: https://beamstart.com/news/vedanta-nico-inks-pact-for-17222485887724

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