In May 2019, 73 percent of all Nickel Metal Equivalent deployed in passenger electrified vehicle batteries all over the world went into vehicles sold in the United States, China, and Japan, collectively, according to Adamas Intelligence’s latest ‘Electrified Vehicle Battery Nickel Monthly’ report.
Overall the amount of Nickel Metal Equivalent deployed all over the world boosted by 57 percent as compared to the last year’s same month because of the upsurging BEV sales & increasing adoption of higher-nickel cathode chemistries, such as NCM 622, 523, and 811.
China alone was responsible for 40 percent of Nickel Metal Equivalent deployed all over the world in passenger Electrified Vehicle batteries in May 2019 as compared to the last year’s 38% in the same month as passenger EV manufacturers in the nation have increasingly adopted higher energy density NCM cells, which contain nickel, at the expense of lower energy density LFP alternatives that do not. In China, battery nickel is consumed primarily as nickel sulfate.
The United States was responsible for 25 percent of all Nickel Metal Equivalent deployed globally in passenger EV batteries in May 2019, the same percentage as in May 2018, as sales of high-capacity BEVs, such as the Tesla Model 3, using high-nickel cathode chemistries have remained robust. In the United States, as in China, battery nickel is consumed primarily as nickel sulfate.
Japan was responsible for 8 percent of all Nickel Metal Equivalent deployed globally in passenger automotive batteries in May 2019 versus 11 percent in May 2018. In Japan, nickel is used mainly in NiMH batteries for HEVs in contrast to China and the United States where it is primarily used in Li-ion batteries for PHEVs and BEVs.