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Adamas Intelligence: 64.2 GWh deployed onto roads globally in September 2023

In September 2023, a total of 64.2 GWh of battery capacity was deployed onto roads globally in all newly sold passenger xEVs (BEVs, PHEVs and HEVs) combined—a mere 2% increase over the previous month but a modest 24% increase over September 2022, according to Adamas Intelligence.

CATL led the pack with a 30% share of all capacity deployed onto roads in September 2023, surging ahead of BYD and LG Energy Solution, which grabbed 17% of the market each. Collectively, the top three cell suppliers captured 65% of the market in September.

Year-to-date, battery capacity deployment is up 45% over the same period the year prior while in September it increased just 24% year-over-year. At least some of the September lull can be attributed to Tesla buyers waiting for delivery of the refreshed Model 3 Highland, which started in October, Adamas said.

Through the first nine months of 2023, a total of 477.5 GWh have been rolled onto roads globally in all newly sold passenger xEVs combined, up 45% year-over-year and just 3% shy of the 2022 calendar total.

In Q3 2023 alone, a record 182.6 GWh was deployed globally, up 11% quarter-over-quarter and 39% over the same quarter the year prior.

With the fourth quarter historically being the strongest period of the calendar year and, with Tesla sales expected to accelerate in Q4 with the release of the refreshed Model 3 Highland, Adamas expects global deployment to exceed 200 GWh in Q4 2023 for the first time, pushing the annual total to more than 700 GWh, >45% higher than the year prior.


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