TESLA MAKES THE PLUG-IN BATTERY MARKET LEADER

Panasonic Has 39% Share of Plug-in Vehicle Batteries, Thanks to Its Deal with Tesla; Batteries for plug-ins and hybrids were a $660 million market in Q1 2014, led by U.S. demand…

May 6, 2014 (Lux Research)

“…Batteries for hybrids and plug-in vehicles [have more than tripled] over the past three years to reach 1.4 GWh per quarter…according to Lux Research. Panasonic has emerged as the leader thanks to its partnership with Tesla, capturing 39% of the plug-in vehicle battery market, overtaking NEC (27% market share) and LG Chem (9%) in 2013…[Though less than 1% of all cars sold] plug-in vehicles are driving remarkable energy storage revenues for a few developers, like Panasonic and NEC…Hybrids demanded 481 MWh of batteries in Q1 2014, while electric vehicles called for 774 MWh…[but] hybrid leader Toyota (28%) edges EV providers Tesla Motors (24%) and Renault-Nissan (21%)…China has the highest ratio in the world of plug-in vehicles to hybrids, but its average EV battery packs are less than half the size of those sold in the U.S…Lithium-ion batteries captured 68% of the 1.4 GWh of batteries used in plug-ins and hybrids in Q1 2014, with nickel metal hydride (NiMH) technology [at 28%]…” click here for more

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