A Review of Degradation Mechanisms and Recent Achievements for Ni‐Rich Cathode‐Based Li‐Ion Batteries

The growing demand for sustainable energy storage devices requires rechargeable lithium‐ion batteries (LIBs) with higher specific capacity and stricter safety standards. Ni‐rich layered transition metal oxides outperform other cathode materials and have attracted much attention in both academia and industry. Lithium‐ion batteries composed of Ni‐rich layered cathodes and graphite anodes (or Li‐metal anodes) are suitable to meet the energy requirements of the next generation of rechargeable batteries. However, the instability of Ni‐rich cathodes poses serious challenges to large‐scale commercialization. This paper reviews various degradation processes occurring at the cathode, anode, and electrolyte in Ni‐rich cathode‐based LIBs. It highlights the recent achievements in developing new stabilization strategies for the various battery components in future Ni‐rich cathode‐based LIBs.