EV Engineering News

NCM 811 cathodes quickly grow to 18% market share in China

In September 2019, sales of new passenger EVs with NCM 811 battery cells accounted for 18% of all passenger EV battery capacity deployed in China and 7% of all capacity deployed globally, according to Adamas Intelligence’s latest EV Battery Capacity Monthly report.

For the second month in a row, NCM 811 was second only to NCM 523 in China, while the once-popular NCM 622 now finds itself in fifth place, with a mere 5% of the market.

In the pursuit of lower costs and higher energy density, a growing number of Chinese automakers have opted to bypass NCM 622, shifting instead straight from LFP or NCM 523 cathode chemistries into high-nickel NCM 811.

Since January 2019, the market share of NCM 811 in China’s EV market has rapidly increased from less than 1% to 18%, and the trend shows little sign of slowing down. Outside of China, automakers have been slow to adopt NCM 811, but Adamas expects to see the chemistry make inroads in Europe and North America as early as next year.

Source: Adamas Intelligence

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