Current Status and Future Trends for the Lithium-ion Battery Market - - PowerPoint PPT Presentation

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Current Status and Future Trends for the Lithium-ion Battery Market - - PowerPoint PPT Presentation

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Current Status and Future Trends for the Lithium-ion Battery Market Focus on Power Tools, Robotics and Cordless Devices Christophe PILLOT July 11 th , 2019 AVICENNE ENERGY London Presentation Outline The rechargeable battery market in

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Current Status and Future Trends for the Lithium-ion Battery Market

Focus on Power Tools, Robotics and Cordless Devices

AVICENNE ENERGY Christophe PILLOT July 11th, 2019 London

Christophe PILLOT + 33 1 44 55 19 90 c.pillot@avicenne.com

Presentation Outline

  • The rechargeable battery market in 2019
  • The Li-ion battery market – Focus on power tools
  • Li-ion Battery market Forecasts
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Current Status and Future Trends of the Global Li-ion Battery Market – Focus on Power Tools July 11th, 2019 London

Christophe PILLOT + 33 1 44 55 19 90 c.pillot@avicenne.com

WORLDWIDE BATTERY MARKET OVERVIEW

2 Source: AT Kearney, Duracell, AVICENNE ENERGY 2019 (1) Non rechargeable – Source: AT Kearney, Duracell, Avicenne – Based on selling price from manufacturer to retailer

69 75 81 12.5 13 14 2016 2017 2018 (Est.) Battery market in value (2016-2018, global, $bn, all market segments, all technologies)

Expected CAGR 18-30 (%)

+8% ~ +2-3 % +7-9%

82 88

(1)

Primary Rechargeable

95

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Christophe PILLOT + 33 1 44 55 19 90 c.pillot@avicenne.com

Current Status and Future Trends of the Global Li-ion Battery Market – Focus on Power Tools July 11th, 2019 London

THE BATTERY MARKET IS REALLY DYNAMIC

500 1000 1500 2000 2000 2018 Million Units / year Cellular Phones sold per Year (Million) Li-ion NiMH

164 M Portable PCs 155 M Tablets

100 200 300 400 2000 2018 Million Units/Year

Portable PC sold per Year (Million)

2.6 < 0,15

1 2 3 2000 2018 $/Wh Li-ion 18650 cell price ($/Wh)

7 000 > 340 000

100000 200000 300000 400000 2000 2018 Tons Tons of cathode active materials

Source: AVICENNE ENERGY, 2019

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Christophe PILLOT + 33 1 44 55 19 90 c.pillot@avicenne.com

Current Status and Future Trends of the Global Li-ion Battery Market – Focus on Power Tools July 11th, 2019 London 100,000 200,000 300,000 400,000 500,000 600,000 700,000 MWh Others (Flow battery, NAS, …) Li-ion NiMH NiCD Lead Acid 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 MWh

THE WORLDWIDE BATTERY MARKET 1990-2018

Lithium Ion Battery: Highest growth & major part of the investments Lead acid batteries: By far the most important market (>70% market share)

Source: AVICENNE ENERGY, 2019

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Christophe PILLOT + 33 1 44 55 19 90 c.pillot@avicenne.com

Current Status and Future Trends of the Global Li-ion Battery Market – Focus on Power Tools July 11th, 2019 London

THE WORLDWIDE BATTERY MARKET 1990-2018

37,5 40

10 20 30 40 50 60 70 80

1990 2000 2005 2010 2013 2014 2015 2016 2017 2018

Billion US $ Others (Flow battery, NAS, …) Li-ion NiMH NiCD Lead Acid

80 BILLION US$ in 2018 – Pack level1 9% AVERAGE GROWTH PER YEAR (2010-2018)

10 20 30 40 50 60 70 80

1990 2005 2014 2016 2018

Billion US$ OTHERS AUTOMOTIVE INDUSTRIAL E-BIKES POWER TOOLS PORTABLE SLI

SLI: Start light and ignition batteries for cars, truck, moto, boat etc… PORTABLE: concumer electronics (cellular, portable PCs, tablests, Camera, …), data collection & handy terminals, POWER Tools: power tools but also gardening tools 1- Pack: cell, cell assembly, BMS, connectors – Power electronics (DC DC converters, invertors…) not included

INDUSTRIAL

  • MOTIVE: Forklift (95%), others
  • STATIONARY: Telecom, UPS, Energy Storage System, Medical, Others

(Emergency Lighting, Security, Railroad Signaling,, Diesel Generator Starting, Control & Switchgear, AUTOMOTIVE: HEV, P-HEV, EV OTHERS: Medical: wheelchairs, medical carts, medical devices (surgical power tools, mobile instrumentation (x-ray, ultrasound, EKG/ECG, large oxygen concentrators, drones, Light Electric Vehicles, Hoverboard, …

Source: AVICENNE ENERGY, 2019

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Christophe PILLOT + 33 1 44 55 19 90 c.pillot@avicenne.com

Current Status and Future Trends of the Global Li-ion Battery Market – Focus on Power Tools July 11th, 2019 London

LI-ION IN 2018 - MAIN APPLICATIONS

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(1) Cell level Others: medical devices, power tools, gardening tools, e-bikes… Source: AVICENNE Energy 2019

>160 000 MWh - 31 B$ (1)

CAGR 2008/2018 +24 % per year in Volume

  • 20,000

40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 M Wh

Li-ion Battery sales, MWh, Worldwide, 2000-2018

Others Industrial, ESS Auto, E-bus China Auto, e-bus Excl. China Electronic devices

Phones 17% Portable PC 66% Portable Electronics 17%

2000: < 2GWh 2018: 160 GWh

Electronic devices 20% Auto, E-bus

  • Excl. China

20% Auto, E-bus China 44% Industrial, ESS 5% Others 11%

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Christophe PILLOT + 33 1 44 55 19 90 c.pillot@avicenne.com

Current Status and Future Trends of the Global Li-ion Battery Market – Focus on Power Tools July 11th, 2019 London

THE WORLDWIDE BATTERY MARKET IN 2018: US $ +80 BILLION

10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 EV, E-Bus Portable SLI Others ESS UPS Telecom Other Motive Forklift Power Tools E-Bikes 1- Pack level: Pack including cells, cells assembly, BMS, connectors – Power electronics (DC DC converters, invertors…) not included 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000

Lead Acid LIB Others

Others ESS UPS Telecom Other Motive Forklift Power Tools E-Bikes

US $ 27 Billion for “other” applications

Source: AVICENNE ENERGY, 2019

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Christophe PILLOT + 33 1 44 55 19 90 c.pillot@avicenne.com

Current Status and Future Trends of the Global Li-ion Battery Market – Focus on Power Tools July 11th, 2019 London

BATTERY MARKET FORECASTS 2018-2030

Portable PCs, net-book, Ultra-book Cellular Phones, Smart-phones Tablets Power Bank Camcorders Cordless Tools, Gardening tools Digital Camera Games, MP3 Cordless Phones Shavers, Toothbrush, RC Cars, Toys Drones Hoverboard E-bikes Power tools Security lighting Vehicles: HEV, P-HEV, EV, E-buses, Tram, Industrial motive (forklift) Industrial stationary (UPS, Telecom) Medical Energy Storage (Small / large)

Applications covered Parameters analysis

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Main segment trends Power need trends (volume, weight, capacity, running time) Penetration rate for each Chemistry, each form factor, 2018 -2030 Forecasts OEM strategies and positions Main drivers & limiters

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Christophe PILLOT + 33 1 44 55 19 90 c.pillot@avicenne.com

Current Status and Future Trends of the Global Li-ion Battery Market – Focus on Power Tools July 11th, 2019 London

2030 LIB FORECASTS FOR PORTABLE ELECTRONIC DEVICES

2000-2030 LIB market, MWh, by application (3C) 2000-2025 LIB market, M cells, by form factor (3C)

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1000 2000 3000 4000 5000 6000 2000 2005 2010 2015 2020 2025 M cells/year

Li-Pouch Li-ion Pr Li-ion Cyl Takeshita - March 2013 (1) (1) Source: Takeshita, Battery Japan 2013 BJ-3 conference Slide p 4

Source: AVICENNE ENERGY Analyses

CAGR 18-30: + 4%

10000 20000 30000 40000 50000 60000

2000 2005 2010 2015 2018 2020 2025 2030

MWh Other Portable Electronics Tablets Portable PCs Cellular Phones

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Christophe PILLOT + 33 1 44 55 19 90 c.pillot@avicenne.com

Current Status and Future Trends of the Global Li-ion Battery Market – Focus on Power Tools July 11th, 2019 London

0.08 0.2 0.4 0.9 1.5 0.3 0.4 0.8 2.5 6.0

1 2 3 4 5 6 7 8 2010 2015 2018 2020 2025 2030 Million cars

HEV, P-HEV, EV 2030 FORECASTS

10

HEV: 1kWh battery / car

HEV manufactured PHEV manufactured

1 1.7 3.6 6.4 0.5 0.9 2.9 7.4

10 20 30 40 50 60 70 2 4 6 8 10 12 14 16 2010 2015 2018 2020 2025 2030 kWh / Pack Million cars

EV manufactured

1.1 2.2 3.4 5.2 13.8 28.8

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 5 10 15 20 25 30 35 2010 2015 2018 2020 2025 2030 % Li-ion HEV Million cars

0,7 1,3 7,5

PHEV: 12 kWh battery / car

1,5 6,5 13,8

China World Excl. China World Excl. China China World Excl. China

Realistic Scenario

3,4 2,6

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Christophe PILLOT + 33 1 44 55 19 90 c.pillot@avicenne.com

Current Status and Future Trends of the Global Li-ion Battery Market – Focus on Power Tools July 11th, 2019 London

TOTAL BATTERY DEMAND FOR XEV 2030 FORECASTS (REALISTIC SCENARIO)

Li-ion for EV, HEV & P-HEV Battery needs (MWh) CAGR 2015-2030: +26% Li-ion for EV, HEV & P-HEV Battery needs (M$) CAGR 2015-2030: +18%

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200000 400000 600000 800000 1000000 1200000 2010 2015 2020 2025 2030 M Wh

12-48 volts SLI HEV PHEV EV EV & PHEV China E-bus E-bus excl. China

20000 40000 60000 80000 100000 120000 140000 2010 2015 2020 2025 2030 M $

12-48 volts SLI HEV PHEV EV EV & PHEV China E-bus China E-Bus excl. China

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Christophe PILLOT + 33 1 44 55 19 90 c.pillot@avicenne.com

Current Status and Future Trends of the Global Li-ion Battery Market – Focus on Power Tools July 11th, 2019 London

TOTAL POTENTIAL MARKET (M$, PACK LEVEL1)

Application details US$ 25 Billion in 2017 (1)

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E-Bikes 13% Power Tools 8% Forklift 13% Other Motive 1% Telecom 13% UPS 12% ESS 12% Others 28%

1- Pack level: Pack including cells, cells assembly, BMS, connectors – Power electronics (DC DC converters, invertors…) not included 2- Other App: Military, aerospace, Oil & Gas, Railways, Aviation, Utility metering,… Source: AVICENNE ENERGY 2017

1 2 3 4 5 7 8 9 10 11 6

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Christophe PILLOT + 33 1 44 55 19 90 c.pillot@avicenne.com

Current Status and Future Trends of the Global Li-ion Battery Market – Focus on Power Tools July 11th, 2019 London

POWER TOOLS MARKET 2000-2030

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Source: AVICENNE ENERGY 2019 75 85 100 125

50 100 150 200 250 Millions Units

Power Tools market worldwide, in volume, 2000-2030

Number Of Power tools Gardening Tools

In Million units 2010 2011 2012 2013 2014 2015 2016 2017 Bosch 8,8 9,2 9,5 10 10 10,7 11 10,5 B&D 9,5 9 9,5 9,75 10 11,3 12,5 14,5 TTI 8 8,5 9 9,75 12 14,5 17 19,5 Makita 7 7,5 8 8 8,5 7,8 7 6,1 Metabo 4,2 4,2 4 4 4 4,3 5 5 HITACHI 2,5 2,4 2,2 2 2 2 1,5 0,8 HILTI 2 2 2 2 2 2,2 2,5 3 PANASONIC 0,6 0,5 0,5 0,5 0,5 0,6 0,5 0,4 OTHERS 18 19 20 20 21 21,2 23 25,2

TOTAL 60,6 62,3 64,7 66 70 74,6 80 85

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Christophe PILLOT + 33 1 44 55 19 90 c.pillot@avicenne.com

Current Status and Future Trends of the Global Li-ion Battery Market – Focus on Power Tools July 11th, 2019 London

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POWER TOOLS

LIB: FROM US$ 2 BILLION IN 2018 TO 3,5 B IN 20301 – CAGR15-30: +7%

  • 1,000

2,000 3,000 4,000 Li-ion NICd

Market 2017-2025 (US $, Million) – CAGR:+5% LIB Main drivers

Higher voltage NiCd substitution NiCd regulation Cordless power tools & gardening tools market increase (+4% per year) Higher energy density, less weight

LIB main Limiters

LIB average sales price Reliability High rate discharge Fast charge Life time

Source: AVICENNE ENERGY Analyses

Important characteristic: 1- Higher power & capacity 2-Fast recharge 2012 ASP NiCd: 350 $/kWh 2012 ASP LIB: 550 $/kWh Average Capacity: 60 Wh

Battery needs

Most valuable improvements 1- Price decrease 2- Fast charge 3- High rate discharge Form factor: Cylindrical No standardization

LIB needs

0% 20% 40% 60% 80% 100% 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030

LIB Penetration

Note: : 1- Pack level

  • 1,000

2,000 3,000 4,000 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030

LIB market (M$)

Customers

Bosch B&D TTI Makita Jingding Hilti … ASP1 2017:440 $/Kwh 2030: 250 $/Kwh ASP: 2017: 300 $/kWh 2030: 240 $/kWh Battery 2013 by Area >75% of the power tools are made in China But, battery pack could be made

  • n the end-user area (Ex: Bosch –

Axeon Poland) LIB 2020 by Area Power tools will be made in China Local demand in Europe, US, next to the end user to increase flexibility & Just in Time mfg. Competitors Cell/Pack Mfg.: TOP3: Samsung, Panasonic, Sony (> 75%) Pack makers: AXEON (Bosch),

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Christophe PILLOT + 33 1 44 55 19 90 c.pillot@avicenne.com

Current Status and Future Trends of the Global Li-ion Battery Market – Focus on Power Tools July 11th, 2019 London

POWER TOOLS

Major criteria required

Energy density – One day working without recharge Specific project: handy screwdriver with a contactless dock for quick charging High power

Actual technology

NMC 622 & NMC 811 for the major part of the market ; LTO for special project like Hilti handy screwdriver with a contactless dock for quick charging (LTO)

Unmet needs if any

One day work without recharge – Fast charge

Market potential

18650 cells for power tools in 2018: >500 Millions US$ 2 Billion market in 2018, will double in 2025 + Gardening Tools potential

Entry barriers

Market acceptance Convince battery mfg as well as power tools mfg.

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Sources: HILTI, PSA, AVICENNE ENERGY Analysis

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Christophe PILLOT + 33 1 44 55 19 90 c.pillot@avicenne.com

Current Status and Future Trends of the Global Li-ion Battery Market – Focus on Power Tools July 11th, 2019 London

MEDICAL TOOLS

Major criteria required

Energy density Fast charge High power Heat resistance (for better sterilization)

Actual technology

Li-ion LFP, NMC, NCA Li-ion LTO can support high temperature (sterilization process) – LFP (Stryker)

Unmet needs if any

High T°C resistance for steam sterilization, like the tools rather than using Gama sterilization.

Market potential

In the range of Million battery pack/ year (50 MWh / USD 50 Mn) – Small series for special product High T° resistant for sterilization (To design battery integrated in the device), High cycle life and life time High T° resistant for sterilization the device and the battery together (Depuy-J&J) To replace the LTO in high temperature during the sterilization process (EasyLi)

Entry barriers

Time to market 5 years (Stryker) FDA regulation Need long term customer partnership -

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Potential application for small medical tools

Sources: Stryker, De Soutter, Depuy-J&J, EasyLi, AVICENNE ENERGY Analysis

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Christophe PILLOT + 33 1 44 55 19 90 c.pillot@avicenne.com

Current Status and Future Trends of the Global Li-ion Battery Market – Focus on Power Tools July 11th, 2019 London

E-BUSES (FAST CHARGE E-BUSES, E-TRAM)

Major criteria required

High power (very fast charge) High cycle life (100s cycles per day) 10 to 15 years calendar life – 600 000 km - > 500 000 cycles1

Actual technology

Diesel – Most of European cities have plan to switch to full Electric For Electric buses: Li-ion (LFP in China), NMC outside China. (Exemple of contracts: Volvo-Saft (LFP, NCA) / Daimler-Bollore (LMP), Super Cap (PVI supply Watt system to Aéroport de Nice Shuttle). PVI was bought by RENAULT in Feb 2017

Unmet needs if any

Green Transportation Life cycle, life time Energy density for standard E-bus – Very fast charge for Fast charge e-buses

Market potential

RATP only (Paris) : 2/3 E-Buses in 2025 (> 3000 Bus) >10 000 e-buses in Europe – 3 GWh – US$ 0,5 Bn City E-bused to be charged at each stations

Entry barriers

Long Time to market Prove that the TCO is lower thanks to higher life time

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Power batteries using Niobium could be vey well adapted for very fast charge e-buses (fast charged at each station)

1- 15 stations x 15 times/day x 300 days x 10years = 675 000 Sources: Daimler, Bollore, EasyLi, Hilti, PSA, AVICENNE ENERGY Analysis

AUTOBUS DATA: 40 000 km/year France: 25 000 Bus – 65 000 autocars Average age: 8 years Life time: 10 to 15 years >600 000 km

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Christophe PILLOT + 33 1 44 55 19 90 c.pillot@avicenne.com

Current Status and Future Trends of the Global Li-ion Battery Market – Focus on Power Tools July 11th, 2019 London

E-BUSES

3 main operating modes

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Source: AVICENNE ENERGY Analysis 1- New rules for charging buses in depot have huge cost impact http://www.avere-france.org/Site/Article/?article_id=7407

Energy density Life time Charge Regulation1

Major criteria required

Energy density Life time, cycle life Life time, cycle life Power, fast charge

Source: SAFT 2018

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Christophe PILLOT + 33 1 44 55 19 90 c.pillot@avicenne.com

Current Status and Future Trends of the Global Li-ion Battery Market – Focus on Power Tools July 11th, 2019 London

LTO (LI4TI5O12) DEMAND: CAGR2015-2030: +20% IN VALUE, +25% IN VOLUME

LTO demand details LTO suppliers

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(1) 1 000 Tons production capacity / year

Assumption: Lithium carbonate stable @ 10 $/kg

LTO market share LTO Price forecasts

24 18 16 15 13 12 5 10 15 20 25 30 20102015 2018 202020252030 $ / kg 10000 20000 30000 40000 50000 60000 2015 2018 2020 2025 2030 Tons of LTO Others Renewable Energy Storage Grid Frequency regulation Mass Transit Train E-bikes Mild HEV

POSCO ESM (Korea) Titan (Japan) BTR (China) Ishihara (Japan) Toho Titanium (Japan) Liniy Gelon (China) (1) NEI Corp. (US) UBE (Japan) Altairnano (US) Sinuo (China) Shanshan (China) Umicore (Belgium) Zhuhai Ying Tong Group Sichuan Xingneng New Materials Tianjiao … Today, the demand is small and mostly based on:

  • Toshiba : SCiB battery for e-

bikes, --motor cycles, some xEV.

  • Altairnano battery used in EV,

E-buses, mass transit program

  • Leclanche battery for ESS

(TiBox : 3.2kWh)

  • Seiko use LTO batteries in

Kinetic (automatic quartz) wristwatches.

  • XALT launch LTO/NMC battery

for e-Bus Target price Not sur to be achieve… POSCO ESM 34% Titan 28% Ishihara 3% Toho Titanium 2% BTR 14% Microvast 7% Others 12% 1 500 4 200 32 000

Summary of outlook

Demand: thanks to high power and long life time application, the LTO market will grow rapidly (+30% per year). Price: to be competitive, LTO cost have to decrease in the range of 12 to 15 $/kg. Challenging but seems to be possible thanks to scale economy. Suppliers: POSCO is leading the market and should increase production capacity. Historical competitors are Japanese (Toho Titanium, Ishihara, Titan). Lot of new comers from China (BTR, Liniy Gelong, Sinuo, Shanshan…) 50 000 12 000

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Christophe PILLOT + 33 1 44 55 19 90 c.pillot@avicenne.com

Current Status and Future Trends of the Global Li-ion Battery Market – Focus on Power Tools July 11th, 2019 London

LI-ION BATTERY MARKET FORECASTS

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Others: medical devices, power tools, gardening tools, e-bikes… Source: AVICENNE Energy 2019

From 160 GWh in 2018 to >1,2 TWh CAGR 2015/2030 +20 % per year in Volume

2018: >160 GWh 2030: 1200 GWh

Electronic devices 5% Auto, E-bus Excl. China 47% Auto, E-bus China 38% Industrial, ESS 3% Others 7%

CAGR 15/30 (Optimistic)

  • 200,000

400,000 600,000 800,000 1,000,000 1,200,000 2000 2005 2010 2015 2020 2025 2030 M Wh

Li-ion Battery sales, MWh, Worldwide, 2000-2030

Others Industrial, ESS Auto, E-bus China Auto, e-bus Excl. China Electronic devices

14% 18% 24% 29% 4%

Electronic devices 20% Auto, E-bus

  • Excl. China

20% Auto, E-bus China 44% Industrial, ESS 5% Others 11%

100 GWh

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Current Status and Future Trends of the Global Li-ion Battery Market – Focus on Power Tools July 11th, 2019 London

Christophe PILLOT + 33 1 44 55 19 90 c.pillot@avicenne.com

LITHIUM ION CELL PRODUCTION

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China – 60% USA – 2% EU -<1% Japan – 17% Korea – 15%

Panasonic NEC Maxell PEVE YUASA SAFT FIAMM BOLLORE SAMSUNG LG SKI Kokam CATL BYD Optinum Nano Hefei Guoxuan BAK LISHEN FARASIS EVE Wanxiang (A123) Coslight LG SAMSUNG PANASONIC … LG Johnson-Controls Enersys SAFT … TESLA SAMSUNG LG

Others* – 5%

Source: AVICENNE 2019 * OTHERS: Malaysia mostly

$ 5 Bn 35 GWh 2019

$ 562 M 3-5 GWh 2018 $ 5 Bn 34 GWh 2028 $ 360 M 2-3 GWh 2018 $ 5 Bn 32 GWh 2023

122 162 191 247 297 350 0% 20% 40% 60% 80% 100%

  • 100

200 300 400 2015 2016 2017 2018 2019 2020 Production Ratio (%)

  • Prod. Capacity MWh

Production Capacity Demand Production Ratio

790 M$ 7,5 GWh 2020 $ 282 M 14 GWh 2022 25 GWh Solid State ? 2024-2025

EUROPE

Europ ropean mark rket et demand ~100 GWh h in 2025 $ 1 Bn

?

32 GWh Norway 2025 ?

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Christophe PILLOT + 33 1 44 55 19 90 c.pillot@avicenne.com

Current Status and Future Trends of the Global Li-ion Battery Market – Focus on Power Tools July 11th, 2019 London

PRODUCTION CAPACITY IN EUROPE

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> 125 GWh in 2023

Source: BNEF, Roland Berger, Battery manufacturer annoncements, Avicenne 2019

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Christophe PILLOT + 33 1 44 55 19 90 c.pillot@avicenne.com

Current Status and Future Trends of the Global Li-ion Battery Market – Focus on Power Tools July 11th, 2019 London

BATTERY DEMAND/BATTERY CAPACITY IN EUROPE IN 2025

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Battery demand will reach ~100 GWh in 2025

(Some analyst forecast 4 times this amount)

Source: AVICENNE Analysis

50 100 150 200 250 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

GWh

Annonced Production Capacity Not yet announced AVICENNE SAFT-TOTAL Roland Berger

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Christophe PILLOT + 33 1 44 55 19 90 c.pillot@avicenne.com

Current Status and Future Trends of the Global Li-ion Battery Market – Focus on Power Tools July 11th, 2019 London

TAKEAWAYS

24 Others: Automatic handling equipment, robots, forklifts, back-up, UPS, Telecom, medical devices, Residential ESS, Grid ESS, drones, Hoverboard……

Li-ion battery is driven today by Automotive & Industrial applications In 2012, most of the car makers (except Toyota) switch to Li-ion for HEV P-HEV, EV and E-buses will be powered by Li-ion: 19 B$ market in 2017 - 36 B$ in 2020 & 69 B$ in 2025 with high numbers in China (2017: US$6 Billion for xEV and US$ 5 Billion for xE-Buses) EV expectations attract large Chemical companies New materials are needed to meet Automotive standards HEV will account for 3% of the auto sales in 2020 P-HEV & EV for 2% to 3% by 2020 Micro-hybrid will achieve >50% in 2020/25 Lead acid battery will be the first market in 2025 in volume, but Li-ion market will be higher than Lead acid in value from 2018. A very small EV market in the automotive world will represent a huge market for batteries New LIB applications: UPS, Telecom, Forklift, Medical, Residential ESS, Grid ESS, hoverboard, drones: CAGR > 10% in the next 15 years Lithium battery for other application (ESS, stationary, industrial…) will reach 10 Billion $ market at the pack level in the next 5 years ESS market could be much more important if the price of LIB at the system level is under 150 $/kWh

RECHARGEABLE BATTERY MARKET WORLDWIDE 2000-2025

2005 2010 2015 2020 2025

MWh

Others LIB NiMH NiCd Lead Acid

2000 2005 2010 2015 2020 2025

Lead Acid (+5%) NiCd (-6%) NiMH (-7%) LIB for 3C (-1%) LIB for xEV (+19%) LIB for Others* (+12%)

25B$ 30B$ 65 B$ 110 B$ >150 B$

210 GWh 325 GWh 730 GWh > 1 000 GWh

20 9 52

(CAGR 2015-2025)

69

(Pack level)

3

43B$

440 GWh

Battery Market 2015-2025 - CAGR = +9% / Li-ion>+13%

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Christophe PILLOT + 33 1 44 55 19 90 c.pillot@avicenne.com

Current Status and Future Trends of the Global Li-ion Battery Market – Focus on Power Tools July 11th, 2019 London

THANK YOU

Christophe PILLOT AVICENNE ENERGY c.pillot@avicenne.com Phone: +33 1 44 55 19 90 Mobile: + 33 6 88 82 79 49

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