The watt-hours deployed within the Asia Pacific area within the second half of 2021 rose 141% over the identical interval in 2020, contributing a corresponding 134% improve in lithium, 77% improve in nickel and 75% improve in cobalt consumption over the identical interval.
Within the second half, the overall world battery capability deployed onto roads in all newly offered passenger EVs mixed amounted to 177.2 GWh, 92% greater than was deployed globally a 12 months earlier.
Tesla (Nasdaq: TSLA; NEO: TSLA) continued to steer by battery capability deployed onto roads globally, putting in extra watt-hours into newly offered EVs than its 5 closest rivals mixed.
Adamas says simply seven cell suppliers globally (CATL, LG Power Answer, Panasonic, BYD, Samsung SDI, SK On and CALB) have been collectively accountable for greater than 88% of all battery capability and battery metals deployed onto roads globally in passenger EVs within the second half of 2021.
In the course of the interval, world chief CATL deployed 183% extra watt-hours of battery capability onto roads worldwide than the 2020 interval, translating to a 171% improve in lithium, 138% improve in nickel, and 114% improve in cobalt deployed onto roads over the identical interval prior.
The deployment of lithium-iron-phosphate LFP cells (in watt-hours) elevated 426% over the past six months of 2020, resulting in a drop within the common quantity of nickel (-2%) and cobalt (-9%) consumed per EV offered.
The rising charges of EV deployment translate into elevated metallic demand. In the course of the second half of 2021, one other 107,200 tonnes of lithium carbonate equal (LCE) have been deployed onto roads globally within the batteries of all newly offered passenger EVs mixed. That’s an 88% improve year-on-year. About 56% of all LCE items have been deployed as carbonate and 44% as hydroxide.
Furthermore, in 2021 H2, 84,600 tonnes of nickel have been deployed onto roads globally within the batteries of all newly offered passenger EVs mixed, 59% greater than in 2020 H2.
This additionally meant surging cobalt demand. In 2021 H2, 18,200 tonnes of cobalt, 23,600 tonnes of manganese, and 159,200 tonnes of graphite have been deployed onto roads globally within the batteries of all newly offered passenger EVs mixed, up 48%, 62% and 101% over the identical interval the 12 months prior, respectively.
In 2021 H2, Tesla deployed over 1,500 tonnes of cobalt onto roads globally, 17% greater than it deployed in EV batteries in 2020 H2 and roughly twice as a lot as the following two in line. Mercedes deployed 790 tonnes of cobalt onto roads globally in 2021 H2, a rise of 28% over 2020 H2, Hyundai deployed 740 tonnes, a rise of 20% over 2020 H2.