Batteries

Global Battery Chemistry Market Share

Share of global EV battery installations by chemistry, measured in GWh = gigawatt-hours (annual energy capacity shipped). LFP = Lithium Iron Phosphate (cheaper, safer, lower range — Chinese-led) overtook NMC = Nickel Manganese Cobalt (higher range, premium EVs) in 2024. Sources: Adamas Intelligence, SNE Research.

Global EV battery chemistry market share (% of GWh installed). LFP overtook NMC in 2024. Sources: Adamas Intelligence, SNE Research.

Battery Production Capacity Expansion

Annual nameplate capacity — the max a factory can produce if it runs at 100% — by top cell manufacturers, in GWh (gigawatt-hours per year). CATL and BYD lead China; LG/Samsung/SK supply Korea/US; the industry is racing toward 2+ TWh of total capacity by 2026. Sources: company filings, SNE Research.

Annual nameplate battery production capacity by manufacturer (GWh). 2025E and 2026E are company-guided targets. Sources: company filings, SNE Research.

Battery Cell Format Comparison

Side-by-side of the four cell form factors — prismatic (flat-rectangular, CATL), cylindrical (like AA batteries, includes Tesla's 4680 = 46mm × 80mm), pouch (soft-pack, LG/SK), and blade (BYD's long-thin LFP design) — on energy density, cost, cycle life, and manufacturers.
FormatEnergy DensityCost/kWhCycle LifeKey UsersProsCons
Prismatic200–280 Wh/kg$85–1102,000–6,000 cyclesCATL, BYD, Samsung SDI, CALBHigh packing efficiency, good structural rigidity, easy CTP/CTC integrationSwelling under cycling, more complex manufacturing than cylindrical
Cylindrical250–300 Wh/kg$80–1051,500–4,000 cyclesPanasonic, LG, Samsung SDI, Tesla, EVE EnergyMature manufacturing, excellent energy density, good safety (small individual cell failure impact)Lower packing efficiency (round in square space), complex wiring for large packs
Pouch230–300 Wh/kg$90–1201,500–3,500 cyclesLG Energy Solution, SK OnFlexible form factor, lightest packaging, excellent thermal managementRequires structural support, swelling risk, more expensive packaging
Blade (LFP)150–180 Wh/kg$60–804,000–8,000+ cyclesBYD (exclusive)Exceptional safety, lowest cost, longest cycle life, structural battery integrationLower energy density than NMC, BYD proprietary format

Comparison of major EV battery cell formats — energy density, cost, and manufacturers. Sources: industry reports, company filings.

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Batteries - Cells | Sterling