Mobility
Transformation
S P E A K E RRechargeable Battery Materials:
Ralph Kiessling | Capture profitable growth |
and create sustainable value | |
Umicore Capital Markets Day 2022 | 1 |
Agenda
1. | 2. | 3. |
Mobility | Rechargeable Battery | RISE 2030 |
transformation | Materials well positioned | |
driving | to capture profitable | |
accelerated | growth and create | |
demand for | sustainable value in fast- | |
cathode materials | growing market |
Umicore Capital Markets Day 2022 | 2 |
Electrification increasing at fast pace, triggered by regulatory push and OEM commitments
Light-duty vehicles | Medium- and Heavy-duty vehicles |
Proportion by powertrain | Proportion by powertrain |
in global car production | in global car production |
Source: Umicore market model | Source: Umicore market model |
34% | ||||||||||||||||||||
5% | BEV | 2% | 17% | |||||||||||||||||
BEV | ||||||||||||||||||||
BEV | BEV | |||||||||||||||||||
20 21 | 20 22 | 20 23 | 20 24 | 20 25 | 20 26 | 20 27 | 20 28 | 20 29 | 20 30 | 20 21 | 20 22 | 20 23 | 20 24 | 20 25 | 20 26 | 20 27 | 20 28 | 20 29 | 20 30 | |
BEV | FC | PHEV | ICE only | BEV | FC | PHEV | CNG/LNG | ICE only | ||||||||||||
BEV: battery electric vehicle | ||||||||||||||||||||
FC: fuel cell vehicle | PHEV: plug-in (hybrid) vehicle | |||||||||||||||||||
CNG/LGN: Compressed natural gas / Liquefied natural gas | ICE: internal combustion engine (gasoline/diesel) only | |||||||||||||||||||
Umicore Capital Markets Day 2022 | 3 |
Umicore chemistries addressing ~75% of total Light-duty EV CAM demand
Global CAM | 2,400 | |
demand (GWh) | ||
LDV only - | ||
Chemistry split | ~25% | |
CAGR | ||
1,300 | ~75% |
400
~25% | ||
2022 | 2026 | 2030 |
NMC/NCA, Manganese-rich | LF(M)P |
Umicore addressable market, covering design- to-performance and design-to-cost applications
Evolving technologies reflecting car OEMs' need for performance- and cost-focused solutions
NM(C) chemistries (incl. Mn-rich) represent vast majority of EV CAM demand in 2030
Solid-state batteries expected to gain traction based on NMC, with a single digit market share expected
towards 2030
Source: Umicore market model
Umicore Capital Markets Day 2022 | 4 |
>20% annual market growth across all regions
CAM demand (GWh) across regions LDV only
EUROPE | |||||
1000 | |||||
900 | ~25% | ||||
800 | |||||
700 | CAGR | ||||
600 | |||||
500 | |||||
400 | |||||
300 | |||||
200 | |||||
100 | |||||
0 | |||||
2022 | 2026 | 2030 | |||
CHINA | |||||
1000 | ~25% | ||||
900 | |||||
800 | CAGR | ||||
700 | |||||
600 | |||||
500 | |||||
400 | |||||
300 | |||||
200 | |||||
100 | |||||
0 | |||||
2022 | 2026 | 2030 |
NORTH AMERICA | Europe, China and | ||||||||||||
1000 | North America | ||||||||||||
900 | |||||||||||||
800 | ~22% | expected to represent | |||||||||||
700 | |||||||||||||
600 | CAGR | ~90% of total LDV | |||||||||||
500 | |||||||||||||
400 | CAM demand | ||||||||||||
300 | |||||||||||||
200 | |||||||||||||
100 | |||||||||||||
0 | |||||||||||||
2022 | 2026 | 2030 | |||||||||||
REST OF THE WORLD | Ongoing | ||||||||||||
regionalization | |||||||||||||
1000 | of supply chain: | ||||||||||||
900 | |||||||||||||
800 | • | Geopolitical context | |||||||||||
700 | ~32% | ||||||||||||
500 | • | OEMs' sustainability | |||||||||||
600 | |||||||||||||
300 | CAGR | considerations | |||||||||||
400 | |||||||||||||
100 | • | Security of supply | |||||||||||
200 | |||||||||||||
0 | |||||||||||||
2022 | 2026 | 2030 |
Source: Umicore market model
Umicore Capital Markets Day 2022 | 5 |
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Umicore NV published this content on 22 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 June 2022 13:14:06 UTC.