Electric Vehicles (EVs) accounted for 2.3% share of global passenger vehicle sales in 2018, the number went up to 2.4% in 2019 due to declining auto sales globally.
- By 2025, we believe the share can grow to as high as 8% of global auto sales(subject to change in future). The most important factor, deciding every EV growth forecast is the global electric vehicle battery capacity.
- Various NMC chemistries are being tested such as 811, 622 and 111 with the 1st digit being the parts of Nickel, 2nd Manganese and 3rd Cobalt.
- Batteries are the “costliest” element of a battery electric car, representing 30-40% of the production price i.e. ~$10,000-$20,000 per car, depending on the vehicle segment and body type.
- Most of the electric vehicle battery manufacturers are trying to improve the energy density (Wh/kg)-the global average is 250Wh/kg at present) in immediate future to further increase range (miles driven per charge).
- Tesla which has 17% share of global BEV market, has struggled to deliver more of Model -3s because it has not been able to reach the target battery capacity of 35Gwh and is currently churning out just 24Gwh per annum.
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- CATL with the highest electric vehicle battery market share globally, claims to have reached levels of 304Wh/kg as of June 2019, whereas BYD and Tesla are still in the range of 240-260Wh/kg.
- VW(world`s biggest car manufacturer with 10.8M units sold in 2018) has plans to produce 1 million BEVs by 2025, if that holds true,VW alone would require battery capacity of 150 Gwh per annum.
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COMPANY PROFILES
- LG Chem, Ltd
- Contemporary Amperex Technology Co. Ltd (CATL)
- SK Innovation Co., Ltd
- Panasonic Corporation
- BYD Company Limited
- Tianjin Lishen Battery Joint-Stock Co., Ltd
- Samsung SDI Co., Ltd
- Guoxuan High-Tech Co., Ltd
- Microvast Power Systems Co. Ltd
- Envision Group
- Automotive Energy Supply Corporation
- Funeng Industrial (Ganzhou) Co., Ltd
THIS GLOBAL ELECTRIC VEHICLE BATTERY MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS
- Electric Vehicle Battery Market size and Forecast , by region, by application
- Average B-2-B price for Electric Vehicle Battery Market, by region, per user
- Technology trends and related opportunity for new Electric Vehicle Battery Market tech suppliers
- Market share of leading vendors, by region,
- Coronavirus impact on Electric Vehicle Battery Market earnings
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Website: https://mobilityforesights.com/
