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EV Engineering News

New report assesses the state of the global battery market

In its latest biannual report, Adamas Intelligence provides an overview of the global EV market over the past half-year (2020 H2) and its implications on the battery and battery materials supply chains.

Among the findings:

  • In 2020 H2, global passenger EV registrations grew by 58% versus the same period the year prior, amounting to 3.53 million units versus 2.24 million units in 2019 H2.
  • In Europe, EV sales jumped 127% in 2020 H2 over 2019 H2, translating to a 174% increase in watt-hours of battery capacity deployed, a 205% increase in cobalt deployed, a 192% increase in lithium deployed and a 135% increase in nickel deployed versus the same period the year prior.
  • Six cell suppliers were collectively responsible for more than 89% of all battery capacity and battery metals deployed in passenger EVs in 2020 H2.
  • Deployment (in watt-hours) of LFP cells increased more than six-fold in 2020 H2 versus 2019 H2, contributing to a boost in the sales-weighted average amount of lithium used per EV.
  • In 2020 H2, global battery capacity deployed in all newly sold passenger EVs combined amounted to 92.5 GWh, 93% more than in 2019 H2.
  • In 2020 H2, 57,300 tons of lithium carbonate equivalent were deployed globally in batteries of all newly sold passenger EVs combined, 96% more than in 2019 H2.
  • In 2020 H2, 53,150 tons of nickel were deployed globally in batteries of all newly sold passenger EVs combined, 69% more than in 2019 H2.
  • In 2020 H2, 12,700 tons of cobalt were deployed globally in batteries of all newly sold passenger EVs combined, 85% more than in 2019 H2.

Source: Adamas Intelligence

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