"06 December: The Battery Shipment Tracker with October data is uploaded to the Data Center. Another 27,7 GWh of battery capacity were installed in 624 300 BEVs & PHEVs (Light Vehicles) around the world. In terms of GWh this is +88 % higher than for October 2020. Unit growth of BEVs and PHEVs was 73 %. The difference in growth relates to the increasing battery size per vehicle and a higher share of BEVs in the mix. Worldwide, CATL led the month with 7,5 GWh installed in October; year-to-date, CATL leads as well, with 56,6 GWh installed (25,8 % share), closely followed by LG with 54 GWh installed. #3 is Panasonic with 30,8 GWh. The tally is for Light Vehicles, including Passenger Cars, SUVs, MPVs, Vans and Pick-ups. The renaissance of LPF batteries continues, with high uptake by Tesla (CATL made) and high sales in BYD, GM-SAIC Baojun, Wuling mini EVs and other new-comers. The worldwide share of LFP batteries was 17 % in October and 14 % year-to-date, compared to 5 % in 2020."
AKE Price at posting:
$8.52 Sentiment: Buy Disclosure: Held
