Vedanta Nico Partners with AEsir Technologies to Revolutionize EV Battery Technology

Vedanta Nico, a subsidiary of Vedanta Ltd, announced on Monday that it has partnered with US-based AEsir Technologies for the supply of nickel, which is a crucial component for next-generation batteries. Nickel plays a significant role in EV battery technology, particularly in the cathode, where it enhances energy density, power output, and battery lifespan. Nickel-rich batteries, such as nickel-zinc variants, offer fast charging, reduce reliance on cobalt, and improve the overall value of electric vehicles (EVs).

The global demand for nickel in batteries is expected to reach 500,000 tonnes by 2025 from 150,000 tonnes in 2020 due to the expanding adoption of EVs in the market. The International Energy Agency (IEA) predicts that the number of electric cars will increase from over 10 million in 2020 to 145 million by 2030, driven by larger battery capacities, faster charging, and advancements in reducing cobalt usage.

Vedanta Nico, India’s primary nickel producer, has signed a strategic Memorandum of Understanding (MoU) with AEsir Technologies, Inc, a US-based innovator in advanced battery technologies. Vedanta Nico and AEsir Technologies will work together to develop and commercialize cutting-edge nickel-zinc batteries for critical infrastructure, 5G telecom, and electric vehicle chargers.

“We are excited to collaborate with AEsir Technologies to create a revolutionary battery solution for critical infrastructure, 5G telecom, and the EV market. Our expertise in nickel production, combined with AEsir’s innovative zinc battery technology, puts us in a position 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 Vedanta Nico COO Prashuk Jain.