EV Battery Market Enjoys Strong Growth in April 2019 Despite Weak EV Sales
EV sales up just 20% but total battery capacity deployed up 69%
Despite weak EV sales growth in April 2019 versus the same month the year prior (up just 19.6%), total battery capacity deployed in newly-sold EVs (in GWh) increased markedly over the same period, according to Adamas Intelligence’s “EV Battery Capacity Monthly”.
In April 2019, a total of 6.7 GWh of battery capacity was deployed in passenger BEVs, PHEVs and HEVs globally – an increase of 69.4% over the same month the year prior.
This rapid growth in battery capacity deployed stems from strong sales of high capacity, long range BEVs, like the Tesla Model 3, BYD Yuan, Nissan Leaf and Hyundai Kona, among others, relative to the year prior.
Not surprisingly then, Adamas Intelligence data also indicates that the sales-weighted average battery capacity (in kWh) increased at an equally-impressive 41.6% between April 2018 and April 2019, from 13.7 kWh to 19.4 kWh (taking into account sales of all passenger HEVs, PHEVs and BEVs, combined).
Annual Subscription: EV Battery Capacity Monthly
For more information (and to track monthly deployment of EV battery capacity by EV type, region, country, make, model, cell supplier and cell chemistry) subscribe to Adamas Intelligence’s “EV Battery Capacity Monthly“.
Our “EV Battery Capacity Monthly” is a monthly management-style report for tracking deployment of passenger EV battery capacity by EV type, region, country, make, model, cell supplier and cell chemistry.
In addition to tracking absolute capacity deployed month after month, the report also tracks the sales-weighted average battery capacity by EV type, region, make, cell supplier and battery chemistry.
Our “EV Battery Capacity Monthly” is a must-have subscription for automakers, cell suppliers, battery materials manufacturers, miners, explorers, investors, and other stakeholders with a professional interest in the EV, battery or battery materials industry.
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