Passenger EV battery capacity reached 134.5 GWh in 2020

In 2020, a total of 134.5 GWh of passenger EV battery capacity was deployed globally in newly sold passenger EVs, an increase of 39.6% over the prior year, according to an analysis by Adamas Intelligence. This figure excludes an additional 15 to 20 GWh of installed passenger EV battery capacity idling in sales channels and another 15 to 20 GWh in assembly lines.

LG Energy Solution took the top spot in 2020 by passenger EV battery capacity deployed onto roads, thanks in part to its supply agreement with Tesla in China, coupled with its European clients, including VW, Renault and Mercedes.

CATL claimed a distant second place, propped up by its presence in China and entry into the European market in the second half of the year, courtesy of Tesla and Groupe PSA, among others.

Trailing CATL by a thin margin was last year’s leader, Panasonic, which posted virtually no growth in deployment year-over-year, while LG Energy Solution, CATL, Samsung SDI, SK Innovation and numerous others posted significant gains.

Source: Adamas Intelligence