NCM 523 Deployment in Passenger EV Batteries Up 233% Year-over-Year in March 2019
NCM 523 enjoys a surge in deployment at the expense of the once-ubiquitous LFP cathode type
In March 2019, global NCM 523 cathode deployment (in MWh) in passenger EV batteries was 233% higher than the same month the year prior, according to Adamas Intelligence’s “EV Battery Capacity Monthly”.
Over the same period, total passenger EV battery capacity deployed increased by a lesser 94%, speaking to the rapid uptake of NCM 523 – a cathode prized for its safety, stability, performance, modest energy density and amenability to being produced from either lithium carbonate or lithium hydroxide precursors.
While NCM 523 has enjoyed a rapid surge in deployment, it has come at the expense of the once-ubiquitous LFP cathode type, which lost 60% of its market share in China between March 2018 and March 2019.
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