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LG Chem deployed more battery capacity than Panasonic in Q1 2020

LG Chem Lithium Ion Cells

In the first quarter of 2020, EV battery suppliers deployed 20.5 GWh of capacity globally, down from 26.5 GWh in the fourth quarter, and 20.9 GWh during the first quarter of 2019, according to data from Adamas Intelligence’s EV Battery Capacity and Battery Metals Tracker.

After losing the top spot to LG Chem in January and February of 2020, Panasonic bounced back in March, deploying 3.8 GWh globally, compared to LG Chem’s 2.2 GWh. Nonetheless, LG Chem’s performance through the first three months of this year was enough to keep it ahead of Panasonic globally, if only by a thin margin.

The report shows that LG Chem deployed 6.07 GWh in the first quarter of 2020 while Panasonic deployed 6.05 GWh over the same period. Collectively, the pair was responsible for 60% of all passenger EV battery capacity deployed in the quarter.

By cathode chemistry, NCM 6-Series was the most widely used variety by GWh deployed, followed closely by Tesla/Panasonic’s third-generation NCA and NCM 5-Series. In fourth place, high-nickel NCM 811 captured 9% of global market share and 32% of the market in China.

Source: Adamas Intelligence

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