Nickel Usage in BEV Batteries Nearly Doubled in 2018
All metals/materials but manganese saw accelerated gains in 2018
In 2018, global deployment of nickel, graphite, copper, LCE, aluminum and cobalt by passenger BEV cell suppliers increased by 75% to 99% versus the year prior, according to data from Adamas Intelligence’s “EV Battery Capacity and Battery Metals Tracker”.
These growth rates are particularly remarkable when considering that global BEV registrations increased by a lesser 67% in 2018.
Nickel saw major gains in 2018 due to an ongoing shift by cell suppliers in China from LFP to NCM 523/622 cathodes, and outside China due to an ongoing evolution from NCM 111 to NCM 523/622, or from NCA 80-15-05 to higher-nickel varieties.
Other metals/materials, such as graphite, copper, LCE, aluminum and cobalt, saw growth above the BEV baseline due in large part to a steady increase in average battery capacity per BEV, which is in parallel fueling greater metals usage per BEV (see recent insight from Adamas Intelligence).
EV Battery Capacity and Battery Metals Tracker
For more information (and to track the ever-evolving landscape of battery chemistries, cell suppliers and battery metals) subscribe to Adamas Intelligence’s “EV Battery Capacity and Battery Metals Tracker“.
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