Electric vehicle battery capacity could hit a record one terawatt-hour this year, according to Frik Els, a battery metals expert at Adamas Intelligence. Analysts expect China to use 60% of the global total by December.
Adamas data show that growth in EV battery capacity is setting new records. The rise shows strong global demand for minerals such as nickel, cobalt and lithium. These are key ingredients in modern batteries.
“The growth in battery capacity is not just about numbers; it signals a fundamental shift in how we source critical metals and design EV batteries,” Els said during a January industry conference in Vancouver.
The industry is undergoing rapid transformation.
Els says battery chemistries are changing. Automakers are moving from traditional nickel-cobalt-manganese…
