Lithium Cobalt Oxide : used in laptops and cell phones. This is the most widely used battery type in the world, currently. It constitutes 37% percent of the global market share. This type of battery has the lowest life span and is the costliest as compared to other batteries of the #lithiumion family.
Lithium Nickel Manganese Cobalt Oxide: The most balanced battery of the lot. This type of battery has excellent energy density, a good power delivery and life span. However it doesn’t come cheap. With 29% market share in the global economy it is used by Tesla for its power wall, tools and electric vehicles.
Lithium Manganese Oxide: It possesses 21% market share and is the second most balanced battery, lacking in life span and overall performance. It is being used in Nissan Leaf, a five seater hatchback that will be launched in the #Indianmarket next year with an estimated price tag of around INR 30 Lakhs. The lithium Manganese oxide battery is also used in different consumer appliances.
Lithium Nickel Aluminium Cobalt Oxide: This battery is powering the Tesla Model 5 and is also used in powering satellites created by the Indian Space Research Organisation (ISRO). Considering its niche use, it provides excellent specific energy and power and has a tiny 7% share in the Lithium-Ion battery market.
Lithium Iron Phosphate: This battery is the safest of the lot and has an excellent life span. It is not used for high energy or specific power delivery purposes. It is because of this peculiar nature of this battery that it is used in the light 2-3W electric vehicles and in starter batteries. Its market share is 5%.
