Advanced Battery Market for EVs and Storage Exceeded $5 Billion In 2016

4 months ago by Mark Kane 6

100 kWh battery in Chrysler Portal Concept

100 kWh battery in Chrysler Portal Concept

According to Navigant Research’s Advanced Battery Tracker 4Q16, the first three quarters of battery shipments globally amounted toL

  • more than 323.5 million individual battery cells
  • 16.1 GWh of energy capacity
  • 61.4 GW of power capacity
  • $3.8 billion in sales

Advanced Batteries for EVs and Stationary Energy Storage – Q3 2016

Extrapolating sales through the fourth quarter we can assume that in 2016 the battery market for EVs and energy storage systems will easily exceed $5 billion.

Using our elite math skills we can divide that $3.8 billion of sales into the 16.1 GWh of energy capacity, and calculate an average of about $236 per kWh of energy capacity.

“Lithium ion (Li-ion) continues to be the primary chemistry utilized in light duty automotive applications. The stationary energy storage sector has a more diverse chemistry landscape across world markets with technologies such as sodium sulfur batteries, flow batteries, advanced lead-acid, and hybrid chemistries. Most of the advanced batteries in 2016 have been manufactured in Asia Pacific and shipped around the world. According to Navigant Research, the shipment volume of advanced batteries through 3Q 2016 equates to more than 323.5 million individual battery cells, 61.4 GW of power capacity, and $3.8 billion in sales.”

source: Navigant Research

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6 responses to "Advanced Battery Market for EVs and Storage Exceeded $5 Billion In 2016"

  1. Assaf says:

    If this is a worldwide number, it seems to be lowballing the actual amount by at least 2x.

    EV sales blog just reported for 2016, 20.4 GWh only for the passenger car segment.
    http://ev-sales.blogspot.com/2017/02/battery-makers-2016-cars.html
    Then 2 days ago they mentioned BYD and a battery maker unheard of outside of Chine, CATL, each delivering about 5 GWh of batteries for e-buses. And that doesn’t even account for half of China’s e-bus sales.
    http://ev-sales.blogspot.com/2017/01/china-buses-2016.html

    So the overall global automotive Li-ion battery market was likely around 40-50 GWh, not 15 GWh.

  2. Thanks for a great comment Assaf.

    40-50 GWh is still low-balling it

    all electric Bus sales in 2016: 115.700
    Batterypack per bus: ~0.3 MWh

    = 115700*0.3= 34.7GWh

    Add another 20 000 PHEV Buses (approximated figure, I couldn’t find the statistics for 2016)

    20 000*0.1=2GWh

    Total Approx 35 GWh
    Total for Cars: 20 GWh

    = Roughly 55 GWh just in China…damn!

  3. Sorry the car part obviously was globally.

  4. Pet says:

    I can count on you bloggers for your indept knowledge on what’s posted here.

    Sometimes even more so than the writer.

    Thanks to all for sharing and edifying.

  5. AlphaEdge says:

    > and calculate an average of about $236 per kWh of energy capacity.

    I presume that is lower than the previous year? What is the historical average?

  6. SJC says:

    Large users like big trucks and buses might want to consider HTPEM range extenders with DME.

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