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Prismatic batteries gain market share

Posted on - 10 Jun 2022

Category - News & Views

Prismatic batteries continued to increase their market share in Q1/22, rising from 53% in 2021 to 64% in Q1/22. Pouch cell share fell to 21% from 26% and cylindrical rose from 16% to 21%. The growth in the prismatic format is mostly down to the growth in LFP batteries, which are mainly manufactured in prismatic formats. Prismatic batteries are robust against external shocks and benefit from high durability, but space efficiency and energy density tend to be lower because their cells must be placed in angular shapes. Pouch type batteries can store more cells but they are more expensive and...

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Cylindrical EVs Ford General Motors Hyundai LFP Pouch Prismatic Rivian Stellantis Ternary Tesla Volkswagen