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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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