Panasonic remains the leader with 23% market share
According to Adamas Intelligence, the global usage of the lithium element in batteries for electric vehicles increased in February by 76% year-over-year.
The reason behind such a high growth rate is higher sales of all-electric cars and increasing average capacity of battery packs.
"Among all metals and materials used in EV battery cathodes globally, LCE deployment in February 2019 saw the greatest gains versus the year prior speaking to the Chinese industry’s growing adoption of NCM cathodes in place of LFP cathodes, fueling an increase in LCE consumption per kWh of capacity deployed.
Another reason is that BEVs and PHEVs were collectively responsible for a greater share (92%) of global battery capacity deployed in February 2019 versus the year prior (87%), meaning that a greater share of kWh deployed this year was in the form of Li-ion cells, as opposed to NiMH cells, which contain no LCE whatsoever."
The biggest lithium-ion cell manufacturers (by LCE deployed in February 2019) are:
- Panasonic - with 23% share
- LG Chem
- Samsung SDI - with 7% share
- Total of top 5: almost 75% share