State of Charge: EVs, Batteries and Battery Materials (Free Report)

Sep. 20, 2019

A must read for anyone with a professional interest in the EV industry or looking to learn more about the forces driving the fast-moving battery and battery materials supply chains.

Adamas Intelligence is pleased to announce the publication of a new biannual report, titled ‘State of Charge: EVs, Batteries and Battery Materials’. The report is available to all clients and mailing list subscribers.



In this biannual ‘State of Charge’ report, we provide an informative overview of the global EV market’s performance over the past half-year (in this case “2019 H1”) and its implications on the ever-evolving battery and battery materials supply chains.

This overview draws on research and data available to clients through our subscription-based monthly reports and web-based trackers.

 

Among the findings of the latest report:

  • In 2019 H1 total global EV registrations were 25% higher than they were in the same period last year, and 98% higher than the same period three years ago, in 2016 H1.
  • The global EV market has been buoyed primarily by strong growth in battery electric vehicle (“BEV”) registrations, up 70% in 2019 H1 versus 2018 H1, while simultaneously being muted by weak growth in registrations of plug-in hybrid electric vehicles (“PHEVs”) and hybrid electric vehicles (“HEVs”).
  • After rising from a mere 16% of total global passenger EV registrations in 2016 H1, BEVs made up an imposing 36% of the market in 2019 H1 and this share is poised to increase rapidly and steadily in the years ahead as demand for PHEVs and conventional HEVs wanes.
  • In 2019 H1, global battery capacity deployed in all newly-sold passenger EVs combined amounted to 46.3 GWh, an increase of 89% over the same period the year prior. This increase is attributed to strong EV sales growth overall coupled with a boost in BEV sales relative to HEV sales, translating to a 52% increase in the average EV’s battery capacity over the same period, from 12.9 kWh to 19.7 kWh.
  • Similarly, in 2019 H1, 27,550 tonnes of lithium carbonate equivalent (“LCE”) were deployed globally in all newly-sold passenger EVs combined, an increase of 89% over the same period the year prior. This increase was driven by strong EV sales growth overall coupled with a boost in BEV sales relative to HEV sales, resulting in accelerated deployment of EV battery capacity over the same period, and consequently, accelerated deployment of LCE.
  • Moreover, in 2019 H1, 27,350 tonnes of battery-grade nickel were deployed globally in batteries of all newly-sold passenger EVs combined, an increase of 78% over the amount deployed in 2018 H1. Over the same period, nickel deployment in BEVs increased 119% year-over-year to 20,600 tonnes in 2019 H1 on the back of the industry’s ongoing shift to ‘higher-nickel’ cathode chemistries, while nickel deployment in PHEV and HEV batteries increased a mere 8% and 13%, respectively, versus 2018 H1 due to weak sales-growth.
  • Lastly, in 2019 H1, 7,200 tonnes of battery-grade cobalt were deployed globally in batteries of all newly-sold passenger EVs combined, an increase of 81% over the amount deployed in 2018 H1. Over the same period, cobalt deployment in BEVs increased 107% year-over-year to 6,100 tonnes in 2019 H1 resulting from strong BEV sales and a steadily increasing average pack capacity. Asia-Pacific was responsible for deployment of 61% of all cobalt used globally in EV batteries in 2019 H1, up from 50% in 2018, as key Chinese cell suppliers shift from cobalt-devoid LFP cathodes to cobalt-bearing NCM cathodes.

This free report is essential reading for anyone with a professional interest in the EV industry or looking to learn more about the forces driving the fast-moving battery and battery materials supply chains.

Click on the report screenshot above and download a digital copy of the report today.

 

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