2021.12.17
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Industry trends and highlights from the Battery Show 2021
The Battery Show 2021, the largest show of its kind for the industry in Europe, was held in Messe Stuttgart, Germany from 29th November to 2nd December after two years of absence due to the global pandemic. Although there were fewer attendees due to recent COVID-19 developments in Germany, the event successfully gathered all major companies across the supply chain for electric vehicles (EV) manufacturing, including raw materials, batteries, battery modules, and charging systems, to name a few. Representatives from BenQ Materials were present in-person to learn about the latest trends in the EV and battery industries. Here are some highlights.
In terms of the overall market, DNV, in its keynote seminar on “Assessing the role of electric vehicles in energy transition”, forecasts demand for global energy to mainly come from transportation, buildings and manufacturing, with 70% of energy generated from solar and wind. As for the road sector, the percentage of oil energy consumption will decline while the demand for electricity will increase. It is estimated that the demand for electric vehicles will account for more than 30% of the total market by 2050. Furthermore, more than half of all passenger vehicles sold will be EVs by 2032, and more than two-thirds of global passenger vehicles will be electric ones by 2050.
On “EV Battery Cell Manufacturing in Europe”, Roland Berger Management Consulting Co. pointed out that due to global demand for passenger vehicle electrification, lithium-ion batteries were the most critical component of the electrification process. With Prismatic NCM 811 for example, the EV battery pack today costs around USD130/KWh, as price changes depend on the battery and manufacturing technologies, geographical location, and material prices. By advancing battery technology and integrating manufacturing processes, EV battery manufacturers aim to lower production costs.
In Europe, EV battery demand is estimated to reach 900 GWh annually by 2030, with the overall production capacity exceeding 1200 GWh. However, there are still risks in the cathode/anode materials supply chain (mining > refining > precursor > cathode/anode), especially as regards the shortage in lithium supplies after 2026. In order to overcome this potential risk, tier 1 battery manufacturers have been actively integrating and collaborating on the upstream raw material side to ensure a stable supply of materials and to avoid jeopardizing their business plans.
In sum, li-ion batteries continue to play a pivotal part in the development of EVs. At BenQ Materials, our high-quality separators used in li-ion batteries guarantee their safety and quality, and promote the development of EVs. We have stablished partnerships with some European companies and feel free to reach out if you are interested in collaborations.
In terms of the overall market, DNV, in its keynote seminar on “Assessing the role of electric vehicles in energy transition”, forecasts demand for global energy to mainly come from transportation, buildings and manufacturing, with 70% of energy generated from solar and wind. As for the road sector, the percentage of oil energy consumption will decline while the demand for electricity will increase. It is estimated that the demand for electric vehicles will account for more than 30% of the total market by 2050. Furthermore, more than half of all passenger vehicles sold will be EVs by 2032, and more than two-thirds of global passenger vehicles will be electric ones by 2050.
On “EV Battery Cell Manufacturing in Europe”, Roland Berger Management Consulting Co. pointed out that due to global demand for passenger vehicle electrification, lithium-ion batteries were the most critical component of the electrification process. With Prismatic NCM 811 for example, the EV battery pack today costs around USD130/KWh, as price changes depend on the battery and manufacturing technologies, geographical location, and material prices. By advancing battery technology and integrating manufacturing processes, EV battery manufacturers aim to lower production costs.
In Europe, EV battery demand is estimated to reach 900 GWh annually by 2030, with the overall production capacity exceeding 1200 GWh. However, there are still risks in the cathode/anode materials supply chain (mining > refining > precursor > cathode/anode), especially as regards the shortage in lithium supplies after 2026. In order to overcome this potential risk, tier 1 battery manufacturers have been actively integrating and collaborating on the upstream raw material side to ensure a stable supply of materials and to avoid jeopardizing their business plans.
In sum, li-ion batteries continue to play a pivotal part in the development of EVs. At BenQ Materials, our high-quality separators used in li-ion batteries guarantee their safety and quality, and promote the development of EVs. We have stablished partnerships with some European companies and feel free to reach out if you are interested in collaborations.
