Thanks To Tesla, Panasonic Controls 39% Of Plug-In Vehicle Battery Market
Panasonic Has 39% Share of Plug-In Vehicle Batteries, Thanks to Its Deal With Tesla
That’s the headline from Lux Research and here’s what follows:
Batteries for Plug-Ins and Hybrids Were a $660 Million Market in Q1 2014, Led by U.S. Demand, According to Lux Research’s New Automotive Battery Tracker
Panasonic, Tesla Motors and the U.S.A. clearly lead the charge.
According to the Automotive Battery Tracker from Lux Research:
“Batteries for hybrids and plug-in vehicles are growing fast, more than tripling over the past three years to reach 1.4 GWh per quarter. Panasonic has emerged as the leader thanks to its partnership with Tesla, capturing 39% of the plug-in vehicle battery market, overtaking NEC (27% market share) and LG Chem (9%) in 2013.”
Doesn’t that prove the importance of Panasonic signing on for the Tesla giga factory?
Lux Research used “historical and current vehicle sales, detailed battery specifications for each car, and supplier relationships to create the Automotive Battery Tracker.”
According to the Automotive Battery Tracker:
- Hybrids demanded 481 MWh of batteries in Q1 2014
- Electric vehicles required 774 MWh
- Toyota leads in battery demand from an OEM at 28%
- Tesla Motors came in second at 24%
- Renault-Nissan landed in third at 21%
Additionally, Lux Research discovered the following:
- Lithium-ion batteries captured 68% of the 1.4 GWh of batteries used in plug-ins and hybrids in Q1 2014
- Nickel metal hydride (NiMH) captured 28% of the 1.4 GWh of batteries used in plug-ins and hybrids in Q1 2014
The missing 4% are…?
Unfortunately, use of the Automotive Battery Tracker tool requires one to become a “client” of Lux Research, so it’s not accessible to everyone.