The Italian Fiat 500e is the best selling BEV in Germany
Between January and August 2022, Germany's top ten best-selling Battery Electric Vehicles (BEV) accounted for 98.958 BEV sales. The Italian Fiat 500e was the best-selling BEV during this time period, with 14.975 new registrations.
Capacity of EU battery makers is expected to be 600 GWh
Since Tesla popularised the term in 2014 with its first macro battery manufacturing project, the term gigafactory has gained traction on the industrial and economic agendas of major industrialised countries worldwide.
Lithium prices have remained stable after record high’s
Since April's record high levels, average lithium prices have remained stable, with Chinese technical and battery-grade lithium carbonate prices continuing to rise. This is in stark contrast to other battery metals such as cobalt and nickel, which have seen price declines this year.
The European EV market has a growing number of cell manufacturers and battery plants. There is a large gap between Asian and European manufacturers, but the gap is closing in the module and pack production.
EV charging profit pool is likely to grow to €13.5B by 2030
According to Bain & Company, the largest profit pool for home and work charging will most likely be linked to next-generation smart energy services such as vehicle-to-grid and vehicle-to-home EV charging.
Until recently, Europe did not play a significant role as a manufacturing destination for battery cells, but technological progress and stability, as well as attractive political framework circumstances, are making Europe increasingly appealing as a new marketplace for battery production.
A surge in China's electric vehicle sector has resulted in rapid developments for the country's battery manufacturers. SK On and SDI grew by 124% and 50%, respectively, while LGES and Panasonic saw their growth rate stagnate.
New generation of Chinese OEMs are entering Europe
A new generation of Chinese OEMs are entering the European market, contributing to the electrification of the automobile industry. LeasePlan highlighted some notable trends and issues faced by these OEMs.