Top 5 battery chemistries of made-in-China EVs

September blew past the previous monthly record for battery capacity deployed in newly sold EVs worldwide with 84.5 GWh hitting roads for the first time.

September came in 30% above the same month last year and set up calendar 2024 to healthily surpass the 692.9 GWh added to the global passenger vehicle parc over the course of 2023.

In September 2024, two thirds of all GWh rolled onto the world’s roads were in made-in-China EVs, 57% of which were powered by LFP batteries, up from 51% in the same month last year.

In total, newly sold made-in-China EVs with LFP packs added a whopping 32.2 GWh to the global EV parc in September 2024 while NCM 5-Series claimed a distant second at 12.8 GWh.

Notably, deployment of NCM 8-Series totaled 8.6 GWh and NCM 6-Series just 0.9 GWh in September 2024.

Collectively, the share of made-in-China EVs with high-nickel cell chemistries (i.e., NCM 6-Series and above) has dwindled to just 17% as a consequence of LFP’s rise and the stalwart popularity of NCM 5-Series.

Interestingly, while LMFP was only introduced this year, it has already captured 1% of the market in China at 0.8 GWh, edging past NCM/LFP combination packs in September.

Contact the Adamas team to discuss further.