KATFF - The Rise Of EVs: Capturing Value From The Megatrend (Pt 2)
2017 electric vehicles sales grew by over 50%, with that figure being closer to 100% growth in the last quarter of the year. Moreover, as already mentioned here, the share of EV sales is expected to grow from a current 5% of total new vehicles to something in between 10% (NYSE:BMI) to 25% (Citi Research). As the demand for EVs continues to increase so too does the demand for the commodities needed in the production of lithium ion batteries.
Battery Chemistry Evolution
There are currently a number of LiO battery chemistries,