In a groundbreaking discovery, a multi-institutional research team led by Hailong Chen, an associate professor at Georgia Tech, has developed a new, low-cost cathode material for lithium-ion batteries (LIBs) that could revolutionize the electric vehicle (EV) market and large-scale energy storage systems. The material, iron chloride (FeCl3), costs a mere 1-2% of typical cathode materials while delivering comparable performance in energy storage capacity. The Significance of Cathode Materials in Lithium-Ion Batteries Cathode materials plays a crucial role in determining the capacity, energy, efficiency, performance, lifespan, and affordability of LIBs. Only four types of cathodes have been successfully commercialized for LIBs, … Continue reading New Iron Chloride Cathode Cuts EV Battery Costs by 40% – Could EVs Finally Become Cheaper Than Gas Cars?