And this is why IMR and LiFePO4 are displacing LiCo chemistries - the oxygen is better contained. LiCo batteries evolve oxygen gas when heated, making their failure spectacular, violent, and when packed in metal cans, very nearly a detonation. LiNiCo offers some advantage in stability, without sacrificing the energy density that keeps people using LiCo. IMR (lithium manganese spinel) is very stable, requiring an external heat source or abuse like short-circuiting to fail spectacularly. They can also deliver more current, since LiCo is limited by how fast you can draw them down without making them likely to blow up by forming metallic lithium inside the cell. LiFePO4 store less energy still, but can deliver thick chewy amps because of its stability.
As I understand it, no electric cars use the old LiCo chemistry, or we'd have seen a far more exciting fire in this Tesla.