Breakdown of EV battery cathode chemistry 2021-2023

Published by Statista Research Department, Sep 26, 2024

The chemistry of global electric vehicles' battery cathodes has been shifting from the high-nickel manganese cobalt (NMC) technology to lithium iron phosphate (LFP). In 2023, approximately 40 percent of the EV battery cathode produced worldwide in terms of capacity had an LFP chemistry, up from only 25 percent two years prior.

Distribution of electric vehicles' battery cathode production worldwide from 2021 to 2023, by chemistry

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Release date

September 2024

Region

Worldwide

Survey time period

2021 to 2023

Special properties

Percentages of the total battery capacity. NMC: nickel manganese cobalt, LFP: lithium iron phosphate, including lithium manganese iron phosphate (LMFP)

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