The Fastmarkets China Battery Raw Materials Conference 2023 was held in Shanghai on 6-7th December. It provides a platform for battery material producers, processors, battery manufacturers, end users and market analysts to connect and discuss lates market developments and trends.
In this conference presentation, Tim Hotz, Principal and Co-Lead of Roland Berger’s European Battery Expert Team, provided an overview of future trends in the electric vehicle market and battery technology with focus on China, Europe and USA.
Summary of the key findings:
– The market for EVs and batteries remains highly uncertain in terms of geopolitical conditions and expected market growth
– Players along the value chain must carry out scenario planning and implement risk mitigation strategies
– The global economic situation and high battery costs currently pose the greatest risk to further market growth
– Emerging technologies have the potential to reduce cost and enable further adoption esp. in entry and mid segment
– Broad adoption of LFP/LMFP expected in entry and mid segment especially in China and Europe to reduce overall cost – Cell-to-Pack (CtP) designs as key enabler to compensate lower cell energy density
– High-Ni cell chemistries expected to remain standard for premium/ long range segment
– Na-ion battery adoption only expected for limited vehicle use cases in China – Higher market relevance for stationary storage systems (ESS)
– No significant usage of all solid state batteries (ASSB) expected until 2030 due to low maturity