As of 2024, the lithium-ion battery (LIB) with the variants Li-NMC, LFP and Li-NCA dominates the BEV market. The combined global production capacity in 2023 reached almost 2000 GWh with 772 GWh used for EVs in 2023. Most production is based in China where capacities increased by 45 % that year. With their high energy density and long cycle life, lithium-ion batteries have be…" name="description">
OverviewElectric vehicle battery typesBattery architecture and integrationSupply chainBattery costEV paritySpecificsResearch, development and innovation
As of 2024, the lithium-ion battery (LIB) with the variants Li-NMC, LFP and Li-NCA dominates the BEV market. The combined global production capacity in 2023 reached almost 2000 GWh with 772 GWh used for EVs in 2023. Most production is based in China where capacities increased by 45 % that year. With their high energy density and long cycle life, lithium-ion batteries have be…