micro hybrid, hev, p-hev and ev market 2012-2025 impact … market 2012-2025 impact on the battery...
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Micro hybrid, HEV, P-HEV and EV market 2012-2025
Impact on the battery business
Director, AVICENNE ENERGY
Christophe PILLOT
Micro hybrid, HEV, P-HEV and EV
market 2012-2025
Impact on the battery business
November 2013
Christophe PILLOT
+ 33 1 47 78 46 00
Presentation Outline
• The rechargeable battery market in 2012/2013
• The x-EV market worldwide in 2012
• 2012-2025 Trends & forecasts
• Conclusions
Christophe PILLOT
+ 33 1 47 78 46 00
Micro hybrid, HEV, P-HEV
and EV market 2012-
2025
Impact on the battery
business
November 2013
AVICENNE ENERGY: RENOWNED TO HAVE REALISTIC FORECASTS
HEV powered by Lithium ion battery forecasts from 2008 to 2012
EV sold, in million units, worldwide, 2010 - 2020
0
1
2
3
4
5
2010 2015 2020N
um
be
r o
f E
V s
old
wo
rld
wid
e (
Mill
ion
)
Source : International Battery Conference, Fort Lauderdale 2007, 2008, 2009, 2010 & 2011
2
0
0,2
0,4
0,6
0,8
1
1,2
1,4
1,6
2008 2009 2010 2011 2012
Mil
lio
n H
EV
po
we
red
by
LIB
IIT 2007
IIT 2008
IIT 2009
IIT 2010
AVICENNE 2007REALITY
AAB (2012)
AVICENNE 2007-2012
ROLAND BERGER (2011)
IIT (MARCH 2010)
ROLAND BERGER (2012)
DEUTSCHE BANK (2012)
IIT (MARCH 2011)
Christophe PILLOT
+ 33 1 47 78 46 00
Micro hybrid, HEV, P-HEV
and EV market 2012-
2025
Impact on the battery
business
November 2013
3
THE BATTERY MARKET IS REALLY DYNAMIC
Source: AVICENNE ENERGY Analyses 2013
0
500
1000
1500
2000
2000 2012
Mil
lio
n U
nit
s /
ye
ar
Cellular Phones sold per Year (Million)
Li-ion
NiMH
202 M
Portable
PCs
>115 M
Tablets
0
50
100
150
200
250
300
350
2000 2012
Mil
lio
n U
nit
s/Y
ea
r
Portable PC sold per Year (Million)
Li-ion
NiMH
0
10000
20000
30000
40000
50000
60000
70000
80000
2000 2012
To
ns
of
cath
od
e /
Ye
ar
Tons of Li-ion Cathode per year
0
0,5
1
1,5
2
2,5
3
2000 2012$
/Wh
Li-ion 18650 cell price ($/Wh)
Christophe PILLOT
+ 33 1 47 78 46 00
Micro hybrid, HEV, P-HEV
and EV market 2012-
2025
Impact on the battery
business
November 2013
THE WORLDWIDE BATTERY MARKET 1990-2012
0
5.000
10.000
15.000
20.000
25.000
30.000
35.000
40.000
45.000
1990 2000 2010 2012
MW
h
Others (Flow battery, NAS,
…)
Li-ion
NiMH
NiCD
4
Source: AVICENNE ENERGY, 2013
Lithium Ion Battery: Highest growth & major part of industry investments
Christophe PILLOT
+ 33 1 47 78 46 00
Micro hybrid, HEV, P-HEV
and EV market 2012-
2025
Impact on the battery
business
November 2013
0
50.000
100.000
150.000
200.000
250.000
300.000
350.000
400.000
1990 2000 2010 2012
MW
h
Others (Flow battery,
NAS, …)
Li-ion
NiMH
NiCD
Lead Acid
0
50.000
100.000
150.000
200.000
250.000
300.000
350.000
400.000
1990 2000 2010 2012
MW
h
THE WORLDWIDE BATTERY MARKET 1990-2012
Lithium Ion Battery: Highest growth & major part of the investmentsLead acid batteries: By far the most important market (90% market share)
5
Source: AVICENNE ENERGY, 2013
Christophe PILLOT
+ 33 1 47 78 46 00
Micro hybrid, HEV, P-HEV
and EV market 2012-
2025
Impact on the battery
business
November 2013
THE WORLDWIDE BATTERY MARKET 1990-2012
50 BILLION US$ in 20121
5% AVERAGE GROWTH PER YEAR (1990-2012)
6
1- Pack levelSource: AVICENNE ENERGY Analyses 2013
0
10
20
30
40
50
60
19
90
20
00
20
05
20
10
20
12
Bil
lio
n U
S $
Others (Flow
battery, NAS, …)
Li-ion
NiMH
NiCD
Lead Acid
0
10
20
30
40
50
60
19
90
20
00
20
05
20
10
20
12
Bil
lio
n U
S$
OTHERS
AUTOMOTIVE
INDUSTRIAL
E-BIKES
POWER TOOLS
PORTABLE
SLI
Christophe PILLOT
+ 33 1 47 78 46 00
Micro hybrid, HEV, P-HEV
and EV market 2012-
2025
Impact on the battery
business
November 2013
LI-ION IN 2012MAIN APPLICATIONS: CELLULAR, NOTEBOOK
7
-
5.000
10.000
15.000
20.000
25.000
30.000
35.000
2000 2002 2004 2006 2008 2010 2012
M W
h
Li-ion Battery sales,
MWh, Worldwide, 2000-2012
Cellular Phones Portable PCs Others
-
2.000
4.000
6.000
8.000
10.000
12.000
14.000
16.000
2000 2002 2004 2006 2008 2010 2012
M W
h
Li-ion Battery sales,
MWh, Worldwide, 2000-2012
Tablets Power Tools Camcorders
Digital Camera Video Games MP3
Toys Auto Household devices
E-bikes Others
4 450 M cells – 32 000 MWh
10 500 M$
CAGR 2002/2012+25 % per year in Volume+14% per year in value
Christophe PILLOT
+ 33 1 47 78 46 00
Micro hybrid, HEV, P-HEV
and EV market 2012-
2025
Impact on the battery
business
November 2013
LI-ION IN 2012MAIN APPLICATIONS: CELLULAR, NOTEBOOK
4 450 M cells – 32 000 MWh
10 700 M$ (cell level)
CAGR 2002/2012+25 % per year in Volume+14% per year in value
8
-
2.000
4.000
6.000
8.000
10.000
12.000
2000 2002 2004 2006 2008 2010 2012
M $
Li-ion Battery sales,
M$, Worldwide, 2000-2012
Cellular Phones Portable PCs Others
0
1000
2000
3000
4000
5000
6000
2000 2002 2004 2006 2008 2010 2012
M $
Li-ion Battery sales,
M$, Worldwide, 2000-2012
Automotives Tablets Power tools
Camcorders Digital camera MP3
Games E-Bikes Others
Christophe PILLOT
+ 33 1 47 78 46 00
Micro hybrid, HEV, P-HEV
and EV market 2012-
2025
Impact on the battery
business
November 2013
9
HEV, P-HEV & EVDEFINITION & SEGMENTATION
Note: Micro HEV are not in the HEV statistics & HEV forecast
EV & HEV
MARKET
EV25 kWh
HEV0.6-2 kWh
batteries
MICRO
HEV*
MILD
HEV
MEDIUM
HEV
FULL
HEV
P HEV5-20 kWh
batteries
CITROEN C3
TOYOTA VITZ GM Saturn Vue
GM AURA
GM MALIBU
HONDA ACCORD
HONDA CIVIC
INSIGHT
MERCEDES S400
TOYOTA PRIUS
TOYOTA CAMRY
FORD ESCAPE
FORD FUSION
MILAN
GM YUKON
GM TAHOE
NISSAN ALTIMA
0%
20%
40%
60%
80%
100%
0 $ 5.000 $ 10.000 $ 15.000 $
Fuel saving Vs. Cost
HEV
P-HEV
EV
Christophe PILLOT
+ 33 1 47 78 46 00
Micro hybrid, HEV, P-HEV
and EV market 2012-
2025
Impact on the battery
business
November 2013
HEV WORLDWIDE IN 20121,5 M HEV
HEV sold per year, M units, worldwide, 2000 - 2012
Penetration of hybrids in the global sales, 2000-2012
10
Source: TOYOTA, HONDA, NISSAN, FORD, GM, HYUNDAI, MERCEDES, GM, BMW, VW, PORSCHE… Compilation AVICENNE ENERGY
Micro hybrid not included
0,0%
0,2%
0,4%
0,6%
0,8%
1,0%
1,2%
1,4%
1,6%
1,8%
2,0%
0,0
0,2
0,4
0,6
0,8
1,0
1,2
1,4
1,6
HE
V w
orl
dw
ide
pe
ne
tra
tio
n(%
)
Mil
lio
n
TOYOTA OTHERS %
USA
JAPAN
EUROPE
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
2000 2002 2004 2006 2008 2010 2012P
en
etr
ati
on
of
hy
bri
ds
in t
he
glo
ba
le s
ale
s
Christophe PILLOT
+ 33 1 47 78 46 00
Micro hybrid, HEV, P-HEV
and EV market 2012-
2025
Impact on the battery
business
November 2013
HEV WORLDWIDE IN 2012BY CAR SUPPLIER
TOYOTA;
81%
HONDA
FORD
GM
BMWHYUNDAI PORCHE
Others
Total HEV Vehicles +1,5 M in 2012
HEV sold per year, M units per car manufacturers, 2000-2012
11
TOYOTA
HONDA
0
200
400
600
800
1.000
1.200
1.400
‘ 0
00
HE
V s
old
TOYOTA HONDA
Source: TOYOTA, HONDA, NISSAN, FORD, GM, HYUNDAI, MERCEDES, GM, BMW, VW, PORSCHE… Compilation AVICENNE ENERGY
Micro hybrid not included
Others: Nissan, Mercedes, Mazda, VW, Audi
Christophe PILLOT
+ 33 1 47 78 46 00
Micro hybrid, HEV, P-HEV
and EV market 2012-
2025
Impact on the battery
business
November 2013
HEV WORLDWIDE IN 2012BY CAR SUPPLIER
TOP 3: TOYOTA, HONDA, HYUNDAI
OTHERS: FORD, GM, E
12
TOYOTA
HONDA
HYUNDAI0
200
400
600
800
1.000
1.200
1.400
‘ 0
00
HE
V s
old
TOYOTA HONDA HYUNDAI
FORD
GM
HYUNDAI
0
5
10
15
20
25
30
35
40
45
50
‘ 0
00
HE
V s
old
FORD GM HYUNDAI
Source: TOYOTA, HONDA, NISSAN, FORD, GM, HYUNDAI, MERCEDES, GM, BMW, VW, PORSCHE… Compilation AVICENNE ENERGY
Micro hybrid not included
Christophe PILLOT
+ 33 1 47 78 46 00
Micro hybrid, HEV, P-HEV
and EV market 2012-
2025
Impact on the battery
business
November 2013
HEV WORLDWIDE IN 2012BY COUNTRY
USA
29%
EUROPE
10%JAPAN
54%
OTHERS
7%
Total HEV Vehicles +1,5 M in 2012
HEV sold per year, M units per country, 2004-2012
13
USA
EUROPE
JAPAN
OTHERS0
100000
200000
300000
400000
500000
600000
700000
800000
900000
2004 2006 2008 2010 2012
Micro hybrid not included Source: AVICENNE ENERGY Analyses 2013
Christophe PILLOT
+ 33 1 47 78 46 00
Micro hybrid, HEV, P-HEV
and EV market 2012-
2025
Impact on the battery
business
November 2013
HEV FORECASTS2012-2025
0%
5%
10%
15%
20%
25%
30%
35%
20
00
20
02
20
04
20
06
20
08
20
10
20
12
20
14
20
16
20
18
20
20
HE
V p
en
etr
ati
on
(%
of
tota
l ca
r sa
les)
USA EUROPE JAPAN
OTHERS WORLD
HEV MARKET: 2,5 Million units in 2015 – 5 M in 2020
14
0
1
2
3
4
5
6
7
8
2000 2005 2010 2015 2020 2025
Mil
lio
n
USA EUROPE JAPAN OTHERS
Micro hybrid not included Source: AVICENNE ENERGY Analyses 2013
Christophe PILLOT
+ 33 1 47 78 46 00
Micro hybrid, HEV, P-HEV
and EV market 2012-
2025
Impact on the battery
business
November 2013
15
LI-ION BATTERY DEVELOPMENTS FOR HEV, P-HEV & EV
Recall slash battery profitLIB >>> NiMH but
SAFETY & COST ISSUES
PRIUS III NiMH PRIUS x - Li-ion
Volts 201.6 201.6
Cells 168 (28*6) 56
Capacity 6.5 Ah 3.8 Ah
Energy 1310 Wh 766 Wh
Weight 38 kg 25 kg
T°C Range + +
Cyclability + ++
Safety
Cost
-50%
-40%
-30%
-20%
-10%
0%
10%
20%
30%
2002
2003
2004
2005
2006
2007
2008
2009
2010
Operating profit/Revenue
Sanyo
MBI
BYD
SGS
Sony
NEC
Maxell
LGC
SDI
Average
Christophe PILLOT
+ 33 1 47 78 46 00
Micro hybrid, HEV, P-HEV
and EV market 2012-
2025
Impact on the battery
business
November 2013
SAFETY ISSUES
16
Li-ion and LMP are not thermally stable what raises serious safety concerns
In the 80’s, lithium metal batteries were put into the markets (Moli Energy). Their further development has for
a long time been slow because of a low cycle efficiency and safety issues: High chemical reactivity and a low
melting point enable strong chemical reactions, even explosions. In the charging-discharging process, lithium
metal can form dendrite and accumulate on electrodes. The growing lithium dendrite could puncture the
separator and result in an internal short circuit.
• CONSEQUENCES: Except BOLLORE, all the companies developing Li metal batteries cancelled their projects
Background
Mobile
Li-ion batteries for mobile devices mostly used a Lithium Cobalt Oxide Cathode and liquid electrolyte.In case of overcharging or short-circuit (contact between anode & cathode) a chain reaction starts -> heating & gasing -> fire (“Thermal runaway”)CONSEQUENCES: In 2006, SONY had to recall millions of portable PCs for total costs of 400 million USD, more than there profit-to-date
Automotive With new cathode chemistry, most of the automotive today on the markets experienced safety
concerns:(1) BYD Taxi in China with a lithium iron phosphate cathode(2) GM Volt in the US with a LG Chemical battery using LMO cathodes (as a result of a crashed tested Chevrolet Volt caught three weeks after the testing !)(3) PRIUS P-HEV in the US (converted from HEV Prius by a local engineering company without any authorisation by Toyota)
Aircraft
Boing 787: The fire that burned near the tail of a parked Boeing 787 in Boston was caused by an overheating Lithium ion battery pack. The battery fire could have been hot enough to melt the carbon-fiber reinforced plastic that makes up the plane’s shell.CONSEQUENCES: All the 787 worldwide are grounded. Considerable losses for Boing.
Christophe PILLOT
+ 33 1 47 78 46 00
Micro hybrid, HEV, P-HEV
and EV market 2012-
2025
Impact on the battery
business
November 2013
SAFETY IS A SINE-QUA-NON SELECTION CRITERIA FOR BATTERY TECHNOLOGIES
17
Some technologies are already out of the game due to stability issues
Christophe PILLOT
+ 33 1 47 78 46 00
Micro hybrid, HEV, P-HEV
and EV market 2012-
2025
Impact on the battery
business
November 2013
LIB FOR AUTOMOTIVEVALUE CHAIN
18
The largest share of the
value (40%) comes from
cell components
Cell manufacturers & OEM
alliance may be the winning
model but comes with high
risk if the wrong cell
manufacturer is selected
Tiers 1- cell manufacturers
alliance: most of them
disappear (eg. Saft-Johnson
Controls, Bosch-Samsung,
Enerdel-Delphi…)
Tiers 1- OEM alliance on
Battery are not successful
Panasonic and LG Chem,
cell manufacturers develop
raw -material in-house and
make the pack integration
for OEM
On a different scale,
Toyota, BYD or BOLLORE
are fully integrate
1
2
3
5
4
6
Comments
Christophe PILLOT
+ 33 1 47 78 46 00
Micro hybrid, HEV, P-HEV
and EV market 2012-
2025
Impact on the battery
business
November 2013
19
LIB MANUFACTURING INVESTMENTS 2009-2015
10-12 B$ WORLDWIDE
>50 GWh in 2015
A123 Michigan Plant - Photo courtesy of A123 Systems
Liotech Plant, Novosibirsk – 1,5 GWh production capacity0 500 1000 1500
PANASONIC
NISSAN Motor US
Sony
BYD
LG Chem
JCI
A123
Sanyo
Ener1
Nissan-Renault (Fr)
Dow Kokam (KD ABG MI)
GS YUASA
SB Limotive
Hitachi Vehicle Energy
Lithium Energy Japan
Rusnano-Thunder Sky
LG Chem - Compact Power…
Nissan - Renault (UK)
Toshiba
Blue Energy
Nissan-Renault (Port)
Lishen
BAK
SAFT US
SAFT
Hitachi Vehicle Energy
AESC Japon
NEC Tokin (Electrodes)
Mitsubishi H.I.
SK Energy
Panasonic EV
LiTec GmbH
M$
Total Investment (M$) made for LIB manufacturing
Average
Investments:
250 $ / kWh
Source: AVICENNE ENERGY Analyses 2013
Christophe PILLOT
+ 33 1 47 78 46 00
Micro hybrid, HEV, P-HEV
and EV market 2012-
2025
Impact on the battery
business
November 2013
BATTERY & POWER ELEC. COST IN EV
20AVICENNE ENERGY - CONFIDENTIAL INFORMATION
€ 8,250 -€ 18,100
€ 5,500 -€ 8,000
€ 50 -€ 300
€ 1,000 -€ 2,500
€ 100 -€ 400 € 50 -
€ 400
HV batt. Pack for EV€ 8,150 -€ 15,100
€ 150 -€ 350 € 900 -
€ 1,250
€ 150 -€ 350
€ 150 -€ 250 € 300 -
€ 500
€ 1,500 -€ 3,000
Charger
DC/DCconverter
InverterRectifier
GeneratorInverter
HV batterycell Packaging
materialLV
batterypack
CoolingSyst
HVCables &Connectors
Batt.MagtSyst
Batt.PackagingManuf.
Overall
HV batt. CELL for EV
0 €
2.000 €
4.000 €
6.000 €
8.000 €
10.000 €
12.000 €
Power Elec
Pack Manufacturing
BMS
Thermal Mgmt + packaging
Cell manu
CellActive Hybrid 5 Volt Bluecar Leaf
HEV P-HEV EV
Christophe PILLOT
+ 33 1 47 78 46 00
Micro hybrid, HEV, P-HEV
and EV market 2012-
2025
Impact on the battery
business
November 2013
LIB CELL BILL OF MATERIALS
21AVICENNE ENERGY - CONFIDENTIAL INFORMATION
NISSAN LEAF
GM VOLT BMW ACTIVE HYBRID 5
BOLLORE BLUE CAR
Christophe PILLOT
+ 33 1 47 78 46 00
Micro hybrid, HEV, P-HEV
and EV market 2012-
2025
Impact on the battery
business
November 2013
LI-ION BATTERY COST2011-2020
LIB cell average cost
(EV design ; NMC cathode)
LI-ION BATTERY PACK COST FOR EV
22
* For Production > 100 000 packs/yearSource: AVICENNE ENERGY Analyses 2013
2015* 2020*2011*0
50
100
150
200
250
300
350
400
2011 2015 2020
$ /
kW
h
Margin
Overheads
Sales & Adm
R&D
Energy, utilities
Direct labor
Depreciation
Others
Separator
Electrolyte
Anode cost
Cathode cost 0
100
200
300
400
500
600
700
$ /
kW
h
Pack Cost
Cell
Manufacturing
Other Materials
Electrolyte
Separator
Anode
Cathode
Christophe PILLOT
+ 33 1 47 78 46 00
Micro hybrid, HEV, P-HEV
and EV market 2012-
2025
Impact on the battery
business
November 2013
TOTAL BATTERY DEMAND2025 FORECASTSEV, HEV & P-HEV Battery needs (MWh) CAGR 2012-2025: +20%
Total battery demand (MWh)
CAGR 2012-2025: +12%
23
0
20000
40000
60000
80000
100000
120000
140000
160000
180000
2000 2005 2010 2015 2020 2025
M W
h
NiCd NiMH except Auto LIB except Auto
NiMH for HEV LIB for HEV LIB for P-HEV
LIB for EV
-
20.000
40.000
60.000
80.000
100.000
120.000
140.000
160.000
180.000
2005 2010 2015 2020 2025
M W
h
NiMH for HEV LIB for HEV
LIB for P-HEV LIB for EV
Source: AVICENNE ENERGY Analyses 2013
Christophe PILLOT
+ 33 1 47 78 46 00
Micro hybrid, HEV, P-HEV
and EV market 2012-
2025
Impact on the battery
business
November 2013
RECHARGEABLE BATTERY MARKET 2000 –2025
Rechargeable battery market, M$ for x-EV 2000-2025 (cell level)
Rechargeable battery market, M$, 2000-2025 (cell level)
24
0
5.000
10.000
15.000
20.000
25.000
30.000
2000 2005 2010 2012 2015 2020 2025
M $
NiMH for HEV LIB for HEV LIB for P-HEV LIB for EV
0
5.000
10.000
15.000
20.000
25.000
30.000
2000 2005 2010 2015 2020 2025
M $
NiCd NiMH except Auto NiMH for HEV
LIB Cyl LIB Pr LIB Pol
LIB Auto
Source: AVICENNE ENERGY Analyses 2013
Christophe PILLOT
+ 33 1 47 78 46 00
Micro hybrid, HEV, P-HEV
and EV market 2012-
2025
Impact on the battery
business
November 2013
35 MILLION MICRO-HYBRIDS CAR IN 2020
Micro-hybrids car market
2010-2020
Micro-hybrid batteries
25
Powered today by Advanced lead acid batteries
(sometimes in conjunction with super capacitors)
LTO will also penetrate this market (Toshiba -> Suzuki)
Panasonic develop new NiMH cell to adress the micro-
hybrid market
Source: AVICENNE ENERGY Analyses 2013
0
10
20
30
40
50
60
70
80
2010 2015 2020
Mill
ion
Micro-hybrid car sold per year
AVICENNE
Optimistic
Scenario
JD Power
Valeo
Micro-hybrid Full HEV
Battery Advanced lead
acid
NiMH or LIB
Cost ($) 300 3000
Fuel saving 5% 20%
Million Vehicle
sold per year in
2020
35 3.5
Advantages of micro-hybrid compare to HEV
Much more profitable than full HEV: 8 to 10 times less
expensive than full HEV to save 5% gasoline instead of
20% (4 times less)
Much more impact on CO2
Christophe PILLOT
+ 33 1 47 78 46 00
Micro hybrid, HEV, P-HEV
and EV market 2012-
2025
Impact on the battery
business
November 2013
HEV, P-HEV AND EV REALITY OF THE MARKET WILL BOOST MICRO HYBRID AND ADVANCED LEAD ACID BATTERIES
26
Source: AVICENNE ENERGY Analyses 2013
Sta
nd
ard
Lea
da
cid
Ba
tterie
s
2010
2015
2020
AFTER
Li-ion
ba
tterie
s
NiMH batteries
STANDARD CAR
88.5%EV
P-HEV
FULL
HEV
1%
MILD
HEV
0.5%
MICRO
HYBRIDS
10%
Ad
van
ced
Lea
d a
cid
NiMH
STANDARD CAR
44%
MICRO HYBRID
50%
EV
P-HEV
2%
FULL HEV
4%
ULTRA
BATTERYLi-Air, Li-S, Fuel CellsLi-ion
Christophe PILLOT
+ 33 1 47 78 46 00
Micro hybrid, HEV, P-HEV
and EV market 2012-
2025
Impact on the battery
business
November 2013
TAKEAWAYS
27
Others: Automatic handling equipment, forklifts, back-up, UPS,
Telecom, medical devices, Residential ESS, Grid ESS, …
Li-ion battery is driven today by Portable PCs & electronic devices
For HEV, the battery technology is today the NiMH
In 2012, most of the car makers (except Toyota) switch to Li-ion
P-HEV & EV will be powered by Li-ion: 6 B$ market in 2015 - 11 B$ in 2020 & 15 B$ in 2025
EV expectations attract large Chemical companies
New materials are needed to meet Automotive standards
HEV will account for less than 5% of the automotive sales in 2020
P-HEV & EV < 2% by 2020
Micro-hybrid will achieve >50%
Lead acid battery will be the first market in 2025 in volume & value
A very small EV market in the automotive world will represent a huge market for batteries
New LIB applications: UPS, Telecom, Forklift, Medical, Residential ESS, Grid ESS: CAGR > 15% in the next 15 years
Battery Market 2010-2025
CAGR = +10%
RECHARGEABLE BATTERY MARKET WORLDWIDE
2000-2025
2000 2010 2020 2025
MW
h Others
LIB
NiMH
NiCd
Lead Acid
2000 2005 2010 2012 2015 2020 2025
Lead Acid (+4%) NiCd (-4%)
NiMH (-4%) LIB for 3C (+3%)
LIB for xEV (+16%) LIB for Others* (+16%)
25 B$
50B$60 B$
80 B$
100 B$
280 GWh
380 GWh
575 GWh
775 GWh
20
10
13
52
32
(CAGR 2012-2025)
15
(Pack level)
Christophe PILLOT
+ 33 1 47 78 46 00
Micro hybrid, HEV, P-HEV
and EV market 2012-
2025
Impact on the battery
business
November 2013
THANK YOU
Christophe PILLOT
AVICENNE ENERGY
Phone: +33 1 47 78 46 00
Mobile: + 33 6 88 82 79 49
28