EV Battery Market: LFP Chemistry Reached 31% Share In September
The LFP battery chemistry nearly doubled its share in the global passenger xEV battery market since January 2021, but it's very China-centric.
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The LFP battery chemistry nearly doubled its share in the global passenger xEV battery market since January 2021, but it's very China-centric.
In the first nine months of 2022, Tesla and BYD accounted for 68% of all LFP used in newly sold passenger PHEVs and BEVs worldwide.
The global passenger xEV (BEVs, PHEVs, HEVs) battery market continues its unprecedented growth in 2022, leaving 2021 results far behind.
Tesla consumes some astonishing volumes of lithium-ion batteries to fuel its sales growth. Today we will take a look at some of the results through September.
From January 2021 through September 2022, Tesla deployed a staggering 132.9 GWh onto roads worldwide—more than double the 65.6 GWh deployed by its competitor BYD over the same period, according to Adamas Intelligence. In September 2022 alone, Tesla deployed 13.9 GWh of battery capacity onto roads globally versus 6.7 GWh...