Strategic Analysis of Battery Chemistries in Electric Two-wheelers and Growth Opportunities

Strategic Analysis of Battery Chemistries in Electric Two-wheelers and Growth Opportunities

While Lithium-ion Batteries Currently Dominate the E2W Industry, with Rapidly Evolving Battery Technologies, Advanced Battery Chemistries such as Sodium-ion and Solid-state Hold Potential in Cost-effectiveness and Performance

RELEASE DATE
18-Apr-2024
REGION
Global
Deliverable Type
Market Research
Research Code: PF79-01-00-00-00
SKU: AU_2024_660
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$2,450.00
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Description

As the electric vehicle (EV) industry gathers momentum, the importance of cost, performance, safety, and durability of battery chemistry and technology also increases. Among EVs, the electric two-wheeler (E2W) space is the fastest growing worldwide, with innovations in battery chemistry for E2Ws expected to impact vehicle cost and performance, thus accelerating its adoption.

Lead acid and lithium-ion battery chemistries are the most used in E2Ws. Advanced battery chemistries like sodium-ion and solid-state are also in development and under exploration by E2W industry participants globally.

In this analysis, Frost & Sullivan explores current battery chemistries used for E2Ws, their performance characteristics, and their impact on vehicle performance; current battery trends and technologies; advanced batteries under development; and growth opportunities for EV stakeholders.

The geographic coverage is global. The study period is 2021–2030, with 2023 as the base year and 2024–2030 as the forecast period.

Author: Shraddha Manjrekar

Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on Battery Chemistries for the Electric Two-wheeler Industry

Battery Chemistries for E2Ws: Key Takeaways

Battery Technology Roadmap

E2W Battery Evolution

Comparison of Key Battery Chemistries in E2Ws

Energy Density vs. Cycle Life of Battery Chemistry

Cost Comparison of Raw Material

Lithium-ion Battery Pack Price Analysis

Current Global Supply of Lithium-ion Batteries/Cells for Key E2W OEMs

OEM Adoption of Current vs Future Battery Chemistries

OEM Adoption of Current vs Future Battery Chemistries (continued)

E2W OEMs’ Engagement in Battery Technologies by Region

Key E2W OEMs: List of Their Battery Manufacturers and Investments/Partnerships

Battery Chemistries Used by Providers of Global Battery Swapping Solutions

Global Lithium-ion Battery Manufacturers Diversifying into New Chemistries for EVs

Analysis of Lithium-ion Battery Manufacturers Diversifying to New Chemistries

Key Existing and Emerging Global Lithium-ion Battery Manufacturing Facilities

Risk Assessment of Battery/Cell Production Based on Chemistries

Existing Battery Chemistry Comparison Across Key E2W Models

Regional Bifurcation of Existing Battery Chemistries for E2W

Scope of Analysis

Key Competitors

Growth Drivers

Growth Restraints

Battery Chemistry: Definition & Components

Importance of Battery Chemistries in E2W Battery

Types of Key Battery Chemistries for E2Ws

Performance Characteristics

Pros and Cons

Top Players for Lead-acid Batteries in E2Ws

Regulatory Landscape

Performance Comparison of Lithium-ion Battery Chemistry Materials

Types of Lithium Batteries that E2Ws Use

NMC Battery: Performance Characteristics

NMC Battery: Pros and Cons

LFP Battery: Performance Characteristics

LFP Battery: Pros and Cons

E2W Batteries: Selected Lithium-ion Cell Manufacturers

Regulatory Landscape for Lithium-ion Batteries

Regulatory Landscape for Lithium-ion Batteries (continued)

Recent Investments by Key Global Lithium-ion Battery Manufacturers

Case Study: Lithium-ion Battery—Enevate Corp

Sodium-ion Battery: Performance Characteristics

Sodium-ion Battery: Pros and Cons

Top Players for Sodium-ion Battery

Key Projects by E2W OEMs in Sodium-ion Batteries

Case Study: Sodium-ion Battery—Huayu New Energy Technology

Solid-state Battery: Performance Characteristics

Solid-state Battery: Pros and Cons

Top Players for Solid-state Battery

Key Projects by E2W OEMs for Solid-state Batteries

Case Study: Solid-state Battery—ProLogium Technology

Battery Technologies for E2Ws

Battery Chemistry Trends for E2Ws

Growth Opportunity 1: Set Up Gigafactories

Growth Opportunity 1: Set Up Gigafactories (continued)

Growth Opportunity 2: Expand Battery Recycling Infrastructure

Growth Opportunity 2: Expand Battery Recycling Infrastructure (continued)

Growth Opportunity 3: Increase Second-life Use Cases for Electric Two-wheeler Batteries

Growth Opportunity 3: Increase Second-life Use Cases for Electric Two-wheeler Batteries (continued)

Best Practices Recognition

Frost Radar

Benefits and Impacts of Growth Opportunities

Next Steps

Take the Next Step

List of Exhibits

Legal Disclaimer

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As the electric vehicle (EV) industry gathers momentum, the importance of cost, performance, safety, and durability of battery chemistry and technology also increases. Among EVs, the electric two-wheeler (E2W) space is the fastest growing worldwide, with innovations in battery chemistry for E2Ws expected to impact vehicle cost and performance, thus accelerating its adoption. Lead acid and lithium-ion battery chemistries are the most used in E2Ws. Advanced battery chemistries like sodium-ion and solid-state are also in development and under exploration by E2W industry participants globally. In this analysis, Frost & Sullivan explores current battery chemistries used for E2Ws, their performance characteristics, and their impact on vehicle performance; current battery trends and technologies; advanced batteries under development; and growth opportunities for EV stakeholders. The geographic coverage is global. The study period is 2021 2030, with 2023 as the base year and 2024 2030 as the forecast period. Author: Shraddha Manjrekar
More Information
Deliverable Type Market Research
Author Shradha Manjrekar
Industries Automotive
No Index No
Is Prebook No
Podcast No
WIP Number PF79-01-00-00-00