Tesla’s large deployment of battery metals is explained by the rolling out of its made-in-China Model 3s, which includes high-nickel NCM 811 cells from LG Chem. Later in the year, the car also began incorporating nickel- and cobalt-devoid LFP cells from CATL.
Adamas’ report highlights the fact that in 2020, nearly 20% of all passenger EV battery capacity deployed onto roads by LG Energy Solution – a spin-off of LG Chem – went into MIC Tesla Model 3s, making it the cell supplier’s widest channel to market for the calendar year.
Meanwhile, less than 10% of all passenger EV battery capacity deployed onto roads by CATL went into MIC Tesla Model 3s, making it the cell supplier’s third greatest ‘vehicle’ to market for the calendar year, albeit the fastest growing customer on CATL’s books.
The big slice of the cake was taken by Panasonic, the Toronto-based consultancy firm said. In 2020, nearly 90% of all passenger EV battery capacity deployed onto roads by Panasonic went into Tesla battery electric vehicles of all kinds. This made Tesla “by far and large the cell supplier’s widest channel to market for the calendar year.”
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