As a result of its growing importance, the EV market will be a key determinant of the Li-ion battery technologies used and developed. A key aspect of this are the cathode choices made by the Li-ion market. Q3 2022 hedge fund letters, conferences and more The past ten years have seen the majority of the EV market outside China rely on NMC (nickel-manganese-cobalt oxide) and NCA (nickel-cobalt-aluminum oxide) cathodes due to their high energy density, which provides long EV ranges. Shifts in these cathode materials have come from increasing the nickel content and reducing the amount of cobalt us…