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Adams Intelligence releases 4th biannual EV batteries and materials report

Adamas Intelligence has released its 4th biannual ‘State of Charge: EVs, Batteries and Battery Materials’ report. This latest report covers the global EV market’s performance over 2020 H2 and its implications on the ever-evolving battery and battery materials supply chains.

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Among the findings of the latest report:

  • 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, encouraged by an array of incentives for buyers, 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.

  • In parallel, Asia Pacific posted a modest 38% gain, while in the Americas EV sales increased just 28% year-over-year.

  • Tesla deployed 22.5 GWh of battery capacity in 2020 H2, nearly as much as its five closest competitors combined (BYD, VW, Renault, Hyundai and Mercedes).

  • Just six cell suppliers globally (LG Energy Solution, CATL, Panasonic, Samsung SDI, BYD and SK Innovation) were collectively responsible for more than 89% of all battery capacity and battery metals deployed globally in passenger EVs in 2020 H2.

  • LG Energy Solution deployed 273% more watt-hours of battery capacity globally in 2020 H2 than in 2019 H2, translating to a 303% increase in nickel consumption, 265% increase in lithium consumption and a 203% increase in cobalt consumption versus the same period the year prior.

  • 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 was deployed globally in 2019 H2.

  • Similarly, in 2020 H2, 57,300 tonnes of lithium carbonate equivalent (“LCE”) were deployed globally in batteries of all newly sold passenger EVs combined, 96% more than was deployed globally in 2019 H2.

  • LCE deployment in NCM 6-Series cells amounted to more than 13,600 tonnes in 2020 H2 (up by more than 100% from 2019 H2), followed by NCM 5-Series (up by 52%), and NCM 8-Series (up by almost 200%). LCE deployment in NCA Gen 3 cells in 2020 H2 increased by 19% over the same period the year prior.

  • Moreover, in 2020 H2, 53,150 tonnes of battery-grade nickel were deployed globally in batteries of all newly sold passenger EVs combined, 69% more than was deployed globally in 2019 H2.

  • Aicobalt
  • Lastly, in 2020 H2, 12,700 tonnes of cobalt were deployed globally in batteries of all newly sold passenger EVs combined, 85% more than was deployed globally in 2019 H2. As with lithium and nickel, the sales-weighted average amount of cobalt deployed globally in 2020 H2 per EV sold increased 17% year-over-year, from 3.1 kg in 2019 H2 to 3.6 kg in 2020 H2.

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