Average Nickel Use per EV Battery Up 20% Year-over-Year in September 2019
Globally, 14.0 kilograms of nickel deployed per EV but use varies widely by region and EV type
In September 2019, the average new passenger EV sold globally (including HEVs, PHEVs and BEVs) contained 14.0 kilograms of nickel in its battery, an impressive increase of 20% over the same month the year prior, according to Adamas Intelligence’s latest ‘EV Battery Nickel Monthly’ report.
On a regional basis, batteries deployed in the U.S. remain the greatest consumers of nickel on a per-EV basis, although the amount of nickel used per EV fell to 20.5 kilograms in September 2019 from 22.0 kilograms in September 2018 as the market share of Tesla EVs, which have remarkably high nickel content per EV, dropped to 32% in September 2019 from 39% the same month the year prior.
In China, the average new passenger EV sold in September 2019 contained 18.1 kilograms of nickel, a staggering increase of 57% over the same month the year prior as a growing number of automakers in China continue to adopt high-nickel cell chemistries, such as NCM 523, 622 and 811, in place of low/no nickel varieties, such as NCM 111 and LFP.
In Europe, the average new passenger EV sold in September 2019 contained 17.4 kilograms of nickel, a massive increase of 43% over the same month the year prior as BEV sales growth substantially outpaced that of P/HEVs, and sales of BEVs using high nickel cell chemistries, such as the Tesla Model 3, outperformed.
Lastly, in Japan, the average new passenger EV sold in September 2019 contained 1.3 kilograms of nickel, an increase of 19% over the same month the year prior. In Japan, the average EV’s battery contains substantially less nickel than in the U.S., China and Europe due to the overwhelming market share of HEVs relative to BEVs and PHEVs.
EV Battery Nickel Monthly
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