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Distribution of electric vehicles' battery cathode production worldwide from 2021 to 2023, by chemistry

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Release date

September 2024

Region

Worldwide

Survey time period

2021 to 2023

Special properties

Percentages of the total battery capacity. NMC: nickel manganese cobalt, LFP: lithium iron phosphate, including lithium manganese iron phosphate (LMFP)

Citation formats

Breakdown of EV battery cathode chemistry 2021-2023

Published by
Doris Dokua Sasu,
Sep 26, 2024

The chemistry of global electric vehicles' battery cathodes has been shifting from the high-nickel manganese cobalt (NMC) technology to lithium iron phosphate (LFP). In 2023, approximately ** percent of the EV battery cathode produced worldwide in terms of capacity had an LFP chemistry, up from only ** percent two years prior.

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Battery industry worldwideElectricity market worldwideEnergy industry worldwideEnergy storage worldwideStrategic minerals worldwide
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