WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 66
The Business case for
batteries needs to be clearer
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The vertically-integrated EV battery
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FIGURE 1
Share of battery capacity of electric vehicle sales by Chemistry and Region, 2021-2023
The battery value chain encompasses a wide range of roles, from
design and manufacturing to ownership, operation, and end-of-life
management.
The model of the vertically-integrated automotive manufacturer,
where the same company produces both the car and owns the
manufacturing part of the value chain for the battery, is beginning
to dominate.
120%
100%
80%
Key reasons include the critical nature of battery manufacturing to
the future of automotive players. They cannot rely on global supply
chains for such a critical component and need to develop battery
technologies that match the brand promise and expectations of
buyers. Porsche buyers have different expectations than Toyota
buyers, after all.
60%
40%
20%
0%
2021
2022
2023
2021
World
2022
2023
2021
China
Low-Nickel
2022
EU
High-Nickel
LFP
2023
2021
2022
2023
USA
WEMO 2024
This results in limited standardization in batteries. Operating
characteristics and form factors will also be manufacturer specific.
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