Rising sale numbers in battery materials supply chains are the consequence of global passenger EV registrations rising by 42% in 2022 H1 compared to the same period the year prior.
for entry-level versions, its share of total global nickel deployment fell from 25% in 2021 H1 to 20% in 2022 H1. Notably, the Tesla Model Y alone was responsible for 13% of global nickel deployment onto roads in 2022 H1.”
“In 2022 H1, NCM 8-Series cells were responsible for 26% of total global nickel deployment in passenger EV batteries while NCM 5-Series and nickel-rich NCA Gen 3 cells were responsible for 23% and 15%, respectively. Moreover, in 2022 H1, NCM 6-Series cells were responsible for 14% of total global nickel deployment and NCM 7-Series cells were responsible for 10%,” the report states.
The market analyst points out that the top seven cell suppliers by cobalt deployed onto roads, namely CATL, LG Energy Solution, Samsung SDI, Panasonic, SK On, CALB and BYD, were collectively responsible for 88% of the market’s consumption.
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