VSPC Ltd, a wholly owned subsidiary of Lithium Australia NL (ASX:LIT), remains ahead of the curve to tap the appealing opportunities in the market for cobalt- and nickel-free lithium-ion batteries (LIBs). The LIB market space continues to see an increasing proportion of cobalt-free batteries as BYD and Tesla, Inc., launched their 2020 series of all-electric vehicles powered by lithium iron phosphate-(LFP) type LIBs. These LFP-type LIBs do not contain cobalt. The increasing penetration of LFP-type LIBs is significant given the phenomenal rise in the production of 'new-energy vehicles', which as per figures, were released in August 2021 and rose by 180% year on year. LFP-type LIBs gain traction. Read in detail: https://kalkinemedia.com/au/sponsored/lithium-australia-asxlit-on-track-to-tap-appealing-opportunities-in-cobalt-and-nickel-free-lib-market
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