Insight
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July 31, 2024
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2 minute read
NCM nobility: Top automakers, cell suppliers in Americas, Europe, Middle East and Africa
From January through May this year, full electric passenger EVs (BEVs) and plug-in hybrids (PHEVs) equipped with high-nickel NCM batteries (6-Series and higher) were responsible for 58% of total battery metals consumption outside the Asia Pacific (APAC) region.
During the period a total of 57.5 kilotonnes (kt) of graphite, 39.3 kt of LCE (lithium carbonate equivalent), 38.4 kt of nickel, 7.7 kt of manganese and 6.9 kt of cobalt were contained in the high-nickel NCM packs powering newly sold EVs in the ex-APAC region.
LG Energy Solution (LGES) was the number one supplier of high-nickel NCM cells across ex-APAC with a full 49% of all BEVs and PHEVs sold during the first five months of 2024 powered by the Korean company. 
