In one line
Battery cathode chemistry with higher energy density than LFP — used in premium EVs but losing stationary storage share.
What it means
NMC (Nickel Manganese Cobalt oxide) is a high-energy-density lithium-ion cathode chemistry. Higher Wh/kg (240) and Wh/L make it preferred for premium EVs. But shorter cycle life and higher cost per kWh ($110 vs $84 LFP in Q1 2026) have caused NMC to lose stationary storage share to LFP.
Related terms
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