In 2019, over 59,000 tonnes of nickel were deployed globally in batteries of newly sold passenger battery electric vehicles (“BEVs”), plug-in hybrid electric vehicles (“PHEVs”) and hybrid electric vehicles (“HEVs”), an increase of 39% over the year prior, according to data from Adamas Intelligence’s EV Battery Capacity and Battery Metals Tracker (subscribe or schedule a live demonstration).
Panasonic led the pack in 2019 with a 51% global market share by nickel deployed (down from 56% in 2018), followed at a distance by CATL and LG Chem, with market shares of 15% and 12%, respectively. Rounding off the top five were BYD and Envision AESC with market shares of 7% and 3%, respectively.
By application, 60% of Panasonic’s nickel deployment in 2019 went into nickel-rich lithium-ion (“Li-ion”) cells used by Tesla BEVs, and 39% went into nickel-metal hydride (“NiMH”) cells and Li-ion cells used by Toyota-group HEVs. The remaining 1% was deployed in PHEVs.
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