MIT researchers, partly funded by Lamborghini, have developed a novel organic material to replace cobalt and nickel in lithium-ion batteries. The material, consisting of layers of TAQ (bis-tetraaminobenzoquinone), is a direct replacement for cobalt and nickel and can be produced at a lower cost. Cobalt, known for its scarcity and environmental concerns, is often used in lithium-ion batteries and contributes to the high cost of electric vehicles.
The new material shows comparable conductivity and storage capacity to traditional cobalt-containing batteries, allowing for faster charging and discharging. Lamborghini has licensed the patent for this technology, potentially influencing the performance of its electric vehicles. The technology may also filter down to more affordable electric vehicles in the future.