Sudan battery positioning high-end market

How will EV growth affect battery demand?

EV growth is expected to boost battery demand fourfold by 2030 as OEMs diversify into mass market. Key questions for OEMs include which battery technology to use and whether to develop it in-house or with partners. OEMs will need to tailor their choice of battery to both the product roadmap and corporate strategy.

Will lithium ion batteries dominate the global EV battery market?

Lithium-ion batteries have dominated the global EV battery market and will continue to do so. Emerging technologies such as solid-state and high-density sodium ion are still in the prototype and pilot manufacturing stages, and we expect their market share to stay in the single digit range until 2030. 2.

How will the lithium technology stack affect battery performance & cost?

Major developments across the technology stack promise to materially affect the performance and cost of lithium-ion batteries. Specifically, the lithium technology stack will see major shifts across cathode chemistries, anode chemistries, cell form factors, and pack architecture.

How does the choice of battery affect supply chain?

The choice of battery will also have supply chain implications depending on where it is manufactured. Leading OEMs are aligning their battery strategy with their product roadmap and their overarching corporate strategy. This comprehensive approach includes supply chain setup, vertical integration, and resource allocation.

Are solid-state batteries the future of battery technology?

4. Solid state and sodium ion will be the only commercialized emerging technologies by 2030 Solid-state batteries promise significantly higher energy density vs. NMC, along with improved safety, faster charging, and potentially longer life.

Which cathode chemistries will dominate lithium-ion battery sales?

NMC and LFP will be the dominant cathode chemistries Lithium-iron phosphate (LFP) and nickel manganese cobalt (NMC) chemistries together currently make up more than 90% of lithium-ion battery sales for EVs. Nickel cobalt aluminum oxide (NCA) is expected to remain marginal due to its lack of performance or cost advantage compared to high-nickel NMC.