Introduction: cobalt prices continue to rise, supply and demand are unbalanced, reducing the proportion of cobalt has become the main way for battery plants to increase energy density and reduce costs, and the high nickel of ternary materials is an important direction for the development of new energy batteries in the futureRecently, Lijianzhong, general manager of Shengsheng Technology, said at a forum that nickel, cobalt, and manganese have accounted for 90 % of the cost of positive electrode materials in power battery applications.