COVID Impact On Global Electric Vehicle Battery Market 2019-2025

COVID Impact On Global Electric Vehicle Battery Market 2019-2025
Electric Vehicles (EVs) accounted for 2.3% share of global passenger vehicle sales in 2018, the number went up to 2.4% in 2019 due to declining auto sales globally.
  • By 2025, we believe the share can grow to as high as 8% of global auto sales(subject to change in future). The most important factor, deciding every EV growth forecast is the global electric vehicle battery capacity.
  • Various NMC chemistries are being tested such as 811, 622 and 111 with the 1st digit being the parts of Nickel, 2nd Manganese and 3rd Cobalt.
  • Batteries are the “costliest” element of a battery electric car, representing 30-40% of the production price i.e. ~$10,000-$20,000 per car, depending on the vehicle segment and body type. 
  • Most of the electric vehicle battery manufacturers are trying to improve the energy density (Wh/kg)-the global average is 250Wh/kg at present) in immediate future to further increase range (miles driven per charge).
  • Tesla which has 17% share of global BEV market, has struggled to deliver more of Model -3s because it has not been able to reach the target battery capacity of 35Gwh and is currently churning out just 24Gwh per annum.


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  • CATL with the highest electric vehicle battery market share globally, claims to have reached levels of 304Wh/kg as of June 2019, whereas BYD and Tesla are still in the range of 240-260Wh/kg.
  • VW(world`s  biggest car manufacturer with 10.8M units sold in 2018)  has plans to produce 1 million BEVs by 2025, if that holds true,VW alone would require battery capacity of 150 Gwh per annum.


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  1. LG Chem, Ltd
  2. Contemporary Amperex Technology Co. Ltd (CATL)
  3. SK Innovation Co., Ltd
  4. Panasonic Corporation
  5. BYD Company Limited
  6. Tianjin Lishen Battery Joint-Stock Co., Ltd
  7. Samsung SDI Co., Ltd
  8. Guoxuan High-Tech Co., Ltd
  9. Microvast Power Systems Co. Ltd
  10. Envision Group 
  11. Automotive Energy Supply Corporation
  12. Funeng Industrial (Ganzhou) Co., Ltd



  1. Electric Vehicle Battery Market size and Forecast , by region, by application
  2. Average B-2-B price for Electric Vehicle Battery Market, by region, per user
  3. Technology trends and related opportunity for new Electric Vehicle Battery Market tech suppliers
  4. Market share of leading vendors, by region,
  5. Coronavirus impact on Electric Vehicle Battery Market earnings

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