German battery sales rise on demand for electric cars

  • The demand for electric cars is increasing across the European market.
  • Lithium is the main component of electric vehicle batteries.
Lithium-ion batteries are also used in medical equipment, smartphones, power tools and electric bikes. (Bloomberg)
Lithium-ion batteries are also used in medical equipment, smartphones, power tools and electric bikes.

Growth in Germany's battery sector doubled to 35% last year led by demand for lithium-ion batteries for electric cars, data showed on Wednesday.

"Sales, especially of lithium-ion batteries, have grown enormously," said Christian Eckert from electronic industry ZVEI, in a call with reporters.

Turnover in the overall battery market in 2020 stood at 5.9 billion euros ($1.09 billion), with the lithium-ion segment seeing growth of 63% to 3 billion euros.

Also check these Cars

Find more Cars
Tata Sierra Ev (HT Auto photo)
UPCOMING
BatteryCapacity Icon69 kWh Range Icon420 Km
₹ 25 - 30 Lakhs
Alert Me When Launched
Mg 4 Ev (HT Auto photo)
UPCOMING
BatteryCapacity Icon64kWh Range Icon350 km
₹ 30 - 32 Lakhs
Alert Me When Launched
Tata Harrier Ev (HT Auto photo)
UPCOMING
BatteryCapacity Icon50 kWh Range Icon400 Km
₹ 22 - 25 Lakhs
Alert Me When Launched
Honda Elevate Ev (HT Auto photo)
UPCOMING
₹ 18 Lakhs
Alert Me When Launched
Tata Punch Ev (HT Auto photo)
BatteryCapacity Icon35 Kwh Range Icon421 km
₹ 10.99 - 15.49 Lakhs
Compare
View Offers
Mg Comet Ev (HT Auto photo)
BatteryCapacity Icon17.3 kWh Range Icon230 km
₹ 6.99 - 9.24 Lakhs
Compare
View Offers

Lithium-ion batteries are also used in medical equipment, smartphones, power tools and electric bikes.

ZVEI said that most lithium-ion cells were imported from Asia into Germany. In German they are then turned into final battery products in a comprehensive production chain. Apart form domestic uses, they are also reexported to European and international markets.

But imports of cells from European countries such as Poland were also growing, ZVEI noted.

Demand for the second-biggest segment, lead-acid batteries, fell by 26% to 740 million euros. This came as combustion engine and forklift truck manufacturing sank in the coronavirus crisis, which curbed industrial activity and demand.

The car industry uses lead-acid batteries for example in the supply of onboard systems while they are also used in emergency medical care and data centres.

Volkswagen, the world's second-biggest carmaker, said on Tuesday it is vital to get a handle on raw materials access and costs for EV battery cells, which apart from lithium include graphite, cobalt and nickel, to exert more control over key components.

It has mapped out plans to build six battery factories across Europe to 2030 together with partners.

First Published Date: 16 Jun 2021, 20:20 PM IST
NEXT ARTICLE BEGINS

Check Latest Offers

Please provide your details to get Personalized Offers

Choose city
+91 | Choose city
Choose city

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy
Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.