Applications

Applications

Electric Vehicles | Passenger BEVs

Electric Vehicles | Passenger BEVs

Battery pack capacities continue to increase but are starting to plateau

Source: CRU Group

Capacities primarily driven by range expectations

Capacities also driven by chemistry selection and vice versa - small batteries more conducive to LFP & Na-ion

But mini vehicles have small batteries and are small part of battery demand

Rightsizing will contribute to thrifting of raw materials (less material being used per kWh of capacity)

One scenario is that cost and legislative pressures and ubiquitous fast charging will encourage ‘rightsizing’ of batteries in the long term

Extracted from the PDF; charts and images may read imperfectly.