BatteryBits
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BatteryBits

A Tale of Two Chemistries: Battery Manufacturer’s Strategies for Winning both NCx and LFP Markets

  • By 2030, up to 84% of BEV sales may have non-NCx (eg. LFP) cells, a change from near 0% in EU and North American markets today. This shift is driven by the inherent advantages of LFP over NCx chemistries in terms of cost, safety, reliability, and ESG.
  • The volumetric and gravimetric density for cost tradeoff has reached a point where the same envelope for cells can be used for different BEV segments. Announcements of unified BEV platforms having different chemistry options by Tesla, VW, and Stellantis for high-volume BEVs will create significant Non-NCx markets.
  • This will incentivize cell manufacturers to offer both NCx and non-NCx products where they have traditionally preferred only one.

Introduction

https://www.ft.com/content/7e32dfb1-2282-40fa-9b10-181c01272ba3
Financial Times
Ratel Consulting LLC
Ratel Consulting — Synthesis of Financial Times sales projections and Bloomberg New Energy Finance EV Outlook 2021
CIC energiGUNE

Market & Forecast

Tesla Battery Day 2020
VW Power Day 2021
Stellantis EV Day 2021

Business Strategy

Technology Strategy

Summary of Findings

Acknowledgements

About the Author

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