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The Low Carbon Economy Ltd

24 Feb 2010 12:02:06

Report warns that lithium-ion battery market faces trouble

Report warns that lithium-ion battery market faces trouble
A new report has forecast that only six to eight global battery manufacturers are expected to survive this decade, because the lithium-ion battery market will go over-capacity.

Roland Berger Strategy Associates believes there will be a massive surge in production because costs of research and development will fall dramatically, but the supply may not be met by take-up of electric vehicles for at least another decade.

There are currently around 60 global battery manufacturers, who can meet the expected demand for electrified powertrains in all the world's major markets.

However, much of this demand will be stimulated by national programmes – such as the recent Low Carbon Vehicle projects launched in the UK – and major investment in research and development.

The consultancy predicts that "capacity in 2015 will already reach 200 percent of the demand projected for 2016".

Actual take-up of electric vehicles is expected to reach only three million in 2018 – at the earliest.

In advance of the bubble, the consultancy warns that western governments should act before research and development for the batteries becomes primarily located in China and India.

Manufacturers should act now to gain the largest global share, before the predicted meltdown in the industry, warns the report.



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