Battery metals deployment rises as EV sales continue to climb

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The increase was driven by surging sales growth in Asia Pacific, which were up 75% year-over-year, coupled with modest growth in the Americas, which reached 19% year-over-year, and Europe at 10% year-over-year.

Adamas’ report also records a 27% increase in the global sales-weighted average pack capacity, coupled with the pervasive use of LFP and medium- and high-nickel cell chemistries, like NCM 5-, 6- and 8-Series. 

The dossier singles out Tesla as responsible for 19% of global LCE deployment in 2022 H1, down from 22% in 2021 H1, with the Tesla Model Y alone responsible for 11% of global LCE deployment.

Battery electric vehicles or BEVs were responsible for 89% of all LCE deployed globally in 2022 H1 versus 87% in 2021 H1, whereas plug-in hybrid electric vehicles or PHEVs and hybrid electric vehicles or HEVs were responsible for a combined 11% in 2022 H1 versus a higher 13% during the same period the year prior.

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