The worldwide xEV market 2012-2025 Battery is the Key The - - PowerPoint PPT Presentation

The worldwide xEV market 2012-2025 Battery is the Key

Director, AVICENNE ENERGY Christophe PILLOT

The Worldwide xEV market 2012-2025

September 2013

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

AVICENNE ENERGY: RENOWNED TO HAVE REALISTIC FORECASTS

HEV powered by Lithium ion battery forecasts from 2008 to 2012 EV sold, in million units, worldwide, 2010 - 2020

1 2 3 4 5 2010 2015 2020

Number of EV sold worldwide ( Million)

Source : International Battery Conference, Fort Lauderdale 2007, 2008, 2009, 2010 & 2011

2 0,2 0,4 0,6 0,8 1 1,2 1,4 1,6

2008 2009 2010 2011 2012 Million HEV powered by LIB IIT 2007 IIT 2008 IIT 2009 IIT 2010 AVICENNE 2007 REALITY AAB (2012) AVICENNE 2007-2012 ROLAND BERGER (2011) IIT (MARCH 2010) ROLAND BERGER (2012) DEUTSCHE BANK (2012) IIT (MARCH 2011)

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

3

THE BATTERY MARKET IS REALLY DYNAMIC

Source: AVICENNE ENERGY Analyses 2013

500 1000 1500 2000 2000 2012 Million Units / year Cellular Phones sold per Year (Million) Li-ion NiMH

202 M Portable PCs >115 M Tablets 50 100 150 200 250 300 350 2000 2012 Million Units/Year

Portable PC sold per Year (Million)

Li-ion NiMH

10000 20000 30000 40000 50000 60000 70000 80000 2000 2012 Tons of cathode / Year Tons of Li-ion Cathode per year 0,5 1 1,5 2 2,5 3 2000 2012 $/Wh Li-ion 18650 cell price ($/Wh)

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

THE WORLDWIDE BATTERY MARKET 1990-2010

5 000 10 000 15 000 20 000 25 000 30 000 35 000 1990 2000 2010 MWh

Others (Flow battery, NAS, …) Li-ion NiMH NiCD

Lithium Ion Battery: Highest growth & major part of the investments Lead acid batteries: By far the most important market (90% market share)

4

Source: AVICENNE ENERGY Analyses 2013

Lithium Ion Battery: Highest growth & major part of industry investments

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013 50 000 100 000 150 000 200 000 250 000 300 000 350 000 400 000 1990 2000 2010 2012 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 1990 2000 2010 MWh

THE WORLDWIDE BATTERY MARKET 1990-2012

Lithium Ion Battery: Highest growth & major part of the investments Lead acid batteries: By far the most important market (90% market share)

5

Source: AVICENNE ENERGY Analyses 2013

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

THE WORLDWIDE BATTERY MARKET 1990-2012

50 BILLION US$ in 20121 5% AVERAGE GROWTH PER YEAR (1990-2012)

6

1- Pack level Source: AVICENNE ENERGY Analyses 2013

10 20 30 40 50 60 1990 2000 2005 2010 2012 Billion US $ Others (Flow battery, NAS, …) Li-ion NiMH NiCD Lead Acid 10 20 30 40 50 60 1990 2000 2005 2010 2012 Billion US$ OTHERS AUTOMOTIVE INDUSTRIAL E-BIKES POWER TOOLS PORTABLE SLI

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

LI-ION IN 2012

MAIN APPLICATIONS: CELLULAR, NOTEBOOK

7

Source: AVICENNE ENERGY Analyses 2013

• 5 000

10 000 15 000 20 000 25 000 30 000 35 000 2000 2002 2004 2006 2008 2010 2012 M Wh

Li-ion Battery sales, MWh, Worldwide, 2000-2012

Cellular Phones Portable PCs Others

• 2 000

4 000 6 000 8 000 10 000 12 000 14 000 16 000 2000 2002 2004 2006 2008 2010 2012 M Wh

Li-ion Battery sales, MWh, Worldwide, 2000-2012

Tablets Power Tools Camcorders Digital Camera Video Games MP3 Toys Auto Household devices E-bikes Others

4 450 M cells – 32 000 MWh 10 500 M$ CAGR 2002/2012 +25 % per year in Volume +14% per year in value

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

LI-ION IN 2012

MAIN APPLICATIONS: CELLULAR, NOTEBOOK

4 450 M cells – 32 000 MWh 10 500 M$ CAGR 2002/2012 +25 % per year in Volume +14% per year in value

8

Source: AVICENNE ENERGY Analyses 2013

• 2 000

4 000 6 000 8 000 10 000 12 000 2000 2002 2004 2006 2008 2010 2012 M $

Li-ion Battery sales, M$, Worldwide, 2000-2012

Cellular Phones Portable PCs Others 1000 2000 3000 4000 5000 6000 2000 2002 2004 2006 2008 2010 2012 M $

Li-ion Battery sales, M$, Worldwide, 2000-2012

Automotives Tablets Power tools Camcorders Digital camera MP3 Games E-Bikes Others

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

9

HEV, P-HEV & EV DEFINITION & SEGMENTATION

Note: Micro HEV are not in the HEV statistics & HEV forecast

EV & HEV MARKET

EV

25 kWh

HEV

0.6-2 kWh batteries

MICRO HEV* MILD HEV MEDIUM HEV FULL HEV P HEV

5 kWh batteries CITROEN C3 TOYOTA VITZ

GM Saturn Vue GM AURA GM MALIBU HONDA ACCORD HONDA CIVIC INSIGHT MERCEDES S400 TOYOTA PRIUS TOYOTA CAMRY FORD ESCAPE FORD FUSION MILAN GM YUKON GM TAHOE NISSAN ALTIMA

0% 20% 40% 60% 80% 100% 0 $ 5 000 $ 10 000 $ 15 000 $

Fuel saving Vs. Cost

HEV P-HEV EV

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

HEV WORLDWIDE IN 2012 1,5 M HEV

HEV sold per year, M units, worldwide, 2000 - 2012 Penetration of hybrids in the global sales, 2000-2012

10

Source: TOYOTA, HONDA, NISSAN, FORD, GM, HYUNDAI, MERCEDES, GM, BMW, VW, PORSCHE… Compilation AVICENNE ENERGY Micro hybrid not included

0,0% 0,2% 0,4% 0,6% 0,8% 1,0% 1,2% 1,4% 1,6% 1,8% 2,0% 0,0 0,2 0,4 0,6 0,8 1,0 1,2 1,4 1,6 HEV worldwide penetration (%) Million TOYOTA OTHERS

USA JAPAN EUROPE 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20%

2000 2002 2004 2006 2008 2010 2012

Penetration of hybrids in the globale sales

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

HEV WORLDWIDE IN 2012 BY CAR SUPPLIER

TOYOTA; 81% HONDA FORD GM BMW HYUNDAI PORCHE Others

Total HEV Vehicles +1,5 M in 2012 HEV sold per year, M units per car manufacturers, 2000-2012

11

TOYOTA HONDA 200 400 600 800 1 000 1 200 1 400 ‘ 000 HEV sold TOYOTA HONDA

Source: TOYOTA, HONDA, NISSAN, FORD, GM, HYUNDAI, MERCEDES, GM, BMW, VW, PORSCHE… Compilation AVICENNE ENERGY Micro hybrid not included Others: Nissan, Mercedes, Mazda, VW, Audi

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

HEV WORLDWIDE IN 2012 BY CAR SUPPLIER

TOP 3: TOYOTA, HONDA, HYUNDAI OTHERS: FORD, GM, …

12

TOYOTA HONDA HYUNDAI 200 400 600 800 1 000 1 200 1 400 ‘ 000 HEV sold TOYOTA HONDA HYUNDAI FORD GM HYUNDAI 5 10 15 20 25 30 35 40 45 50 ‘ 000 HEV sold FORD GM HYUNDAI

Source: TOYOTA, HONDA, NISSAN, FORD, GM, HYUNDAI, MERCEDES, GM, BMW, VW, PORSCHE… Compilation AVICENNE ENERGY Micro hybrid not included

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

HEV WORLDWIDE IN 2012 BY COUNTRY

USA 29% EUROPE 10% JAPAN 54% OTHERS 7%

Total HEV Vehicles +1,5 M in 2012 HEV sold per year, M units per country, 2004-2012

13

USA EUROPE JAPAN OTHERS 100000 200000 300000 400000 500000 600000 700000 800000 900000 2004 2006 2008 2010 2012

Micro hybrid not included Source: AVICENNE ENERGY Analyses 2013

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

HEV FORECASTS 2012-2025

0% 5% 10% 15% 20% 25% 30% 35% 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020

HEV penetration (% of total car sales)

USA EUROPE JAPAN OTHERS WORLD

HEV MARKET: 2,5 Million units in 2015 – 5 M in 2020

14

1 2 3 4 5 6 7 8 2000 2005 2010 2015 2020 2025 Million USA EUROPE JAPAN OTHERS

Micro hybrid not included Source: AVICENNE ENERGY Analyses 2013

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

15

LI-ION BATTERY DEVELOPMENTS FOR HEV, P-HEV & EV

Recall slash battery profit LIB >>> NiMH but SAFETY & COST ISSUES

PRIUS III NiMH PRIUS x - Li-ion Volts 201.6 201.6 Cells 168 (28*6) 56 Capacity 6.5 Ah 3.8 Ah Energy 1310 Wh 766 Wh Weight 38 kg 25 kg T°C Range + + Cyclability + ++ Safety Cost

• 50%
• 40%
• 30%
• 20%
• 10%

0% 10% 20% 30% 2002 2003 2004 2005 2006 2007 2008 2009 2010 Operating profit/Revenue Sanyo MBI BYD SGS Sony NEC Maxell LGC SDI Average

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

SAFETY ISSUES

16

Li-ion and LMP are not thermally stable what raises serious safety concerns

In the 80’s, lithium metal batteries were put into the markets (Moli Energy). Their further development has for a long time been slow because of a low cycle efficiency and safety issues: High chemical reactivity and a low melting point enable strong chemical reactions, even explosions. In the charging-discharging process, lithium metal can form dendrite and accumulate on electrodes. The growing lithium dendrite could puncture the separator and result in an internal short circuit.

• CONSEQUENCES: Except BOLLORE, all the companies developing Li metal batteries cancelled

their projects

Background Mobile

Li-ion batteries for mobile devices mostly used a Lithium Cobalt Oxide Cathode and liquid electrolyte. In case of overcharging or short-circuit (contact between anode & cathode) a chain reaction starts -> heating & gasing -> fire (“Thermal runaway”) CONSEQUENCES: In 2006, SONY had to recall millions of portable PCs for total costs of 400 million USD, more than there profit-to-date

Automotive

With new cathode chemistry, most of the automotive today on the markets experienced safety concerns: (1) BYD Taxi in China with a lithium iron phosphate cathode (2) GM Volt in the US with a LG Chemical battery using LMO cathodes (as a result

• f a crashed tested Chevrolet Volt caught three weeks after the testing !)

(3) PRIUS P-HEV in the US (converted from HEV Prius by a local engineering company without any authorisation by Toyota)

Aircraft

Boing 787: The fire that burned near the tail of a parked Boeing 787 in Boston was caused by an overheating Lithium ion battery pack. The battery fire could have been hot enough to melt the carbon-fiber reinforced plastic that makes up the plane’s shell. CONSEQUENCES: All the 787 worldwide are grounded. Considerable losses for Boing.

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

SAFETY IS A SINE-QUA-NON SELECTION CRITERIA FOR BATTERY TECHNOLOGIES

17

Some technologies are already out of the game due to stability issues

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

LIB FOR AUTOMOTIVE VALUE CHAIN

18

The largest share of the value (40%) comes from cell components Cell manufacturers & OEM alliance may be the winning model but comes with high risk if the wrong cell manufacturer is selected Tiers 1- cell manufacturers alliance: most of them disappear (eg. Saft-Johnson Controls, Bosch- Samsung, Enerdel- Delphi…) Tiers 1- OEM alliance on Battery are not successful Panasonic and LG Chem, cell manufacturers develop raw -material in- house and make the pack integration for OEM On a different scale, Toyota, BYD or BOLLORE are fully integrate 1

2 3 5 4 6

Comments

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

19

LIB MANUFACTURING INVESTMENTS 2009-2015

10-12 B$ WORLDWIDE >50 GWh in 2015

A123 Michigan Plant - Photo courtesy of A123 Systems Liotech Plant, Novosibirsk – 1,5 GWh production capacity

500 1000 1500

PANASONIC NISSAN Motor US Sony BYD LG Chem JCI A123 Sanyo Ener1 Nissan-Renault (Fr) Dow Kokam (KD ABG MI) GS YUASA SB Limotive Hitachi Vehicle Energy Lithium Energy Japan Rusnano-Thunder Sky LG Chem - Compact… Nissan - Renault (UK) Toshiba Blue Energy Nissan-Renault (Port) Lishen BAK SAFT US SAFT Hitachi Vehicle Energy AESC Japon NEC Tokin (Electrodes) Mitsubishi H.I. SK Energy Panasonic EV LiTec GmbH

M$ Total Investment (M$) made for LIB manufacturing

Average Investments: 250 $ / kWh Source: AVICENNE ENERGY Analyses 2013

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

BATTERY & POWER ELEC. COST IN EV

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AVICENNE ENERGY - CONFIDENTIAL INFORMATION

€ 8,250 - € 18,100 € 5,500 - € 8,000 € 50 - € 300 € 1,000 - € 2,500 € 100 - € 400 € 50 - € 400

HV batt. Pack for EV

€ 8,150 - € 15,100 € 150 - € 350 € 900 - € 1,250 € 150 - € 350 € 150 - € 250 € 300 - € 500 € 1,500 - € 3,000 Charger DC/DC converter Inverter Rectifier Generator Inverter HV battery cell Packaging material LV battery pack Cooling Syst HV Cables & Connectors Batt. Magt Syst Batt. Packaging Manuf. Overall

HV batt. CELL for EV

0 € 2 000 € 4 000 € 6 000 € 8 000 € 10 000 € 12 000 € Power Elec Pack Manufacturing BMS Thermal Mgmt + packaging Cell manu Cell Active Hybrid 5 Volt Bluecar Leaf

HEV P-HEV EV

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

LI-ION BATTERY COST 2011-2020

LIB cell average cost (EV design ; NMC cathode) LI-ION BATTERY PACK COST FOR EV

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* For Production > 100 000 packs/year Source: AVICENNE ENERGY Analyses 2013

2015* 2020* 2011*

50 100 150 200 250 300 350 400 2011 2015 2020 $ / kWh Margin Overheads Sales & Adm R&D Energy, utilities Direct labor Depreciation Others Separator Electrolyte Anode cost Cathode cost

100 200 300 400 500 600 700 Cell Pack Cell Pack Cell Pack $ / kWh Pack Cost Cell Manufacturing Other Materials Electrolyte Separator Anode Cathode

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

EV FORECASTS 2011-2020

EV sold, in million units, worldwide, 2010 - 2020 EV impact on the LIB & raw material market is HUGE

22

Source: AVICENNE ENERGY Analyses 2013 IIT, March 2011 Fort Lauderdale IIT, March 2010 Fort Lauderdale Deutsche Bank , Electric Cars: Plugged In 2 – Nov 2009 Roland BERGER, Oct 2011, Batteries 2011 Cannes AAB, AABC Europe, Mainz, June 2011 IIT (March 2010) AAB Deutsche Bank Roland Berger AVICENNE IIT (March 2011) 1 2 3 4 5 6 2010 2015 2020

Number of EV sold worldwide ( Million)

4 50 45 400 1000 10000 25000

1 10 100 1 000 10 000 100 000

Mobile Phone Portable PC Power Tools E-bikes HEV P-HEV EV Average Wh per device

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

TOTAL BATTERY DEMAND 2025 FORECASTS

EV, HEV & P-HEV Battery needs (MWh) CAGR 2012-2025: +20% Total battery demand (MWh) CAGR 2012-2025: +12%

23

20000 40000 60000 80000 100000 120000 140000 160000 180000 2000 2005 2010 2015 2020 2025 M Wh NiCd NiMH except Auto LIB except Auto NiMH for HEV LIB for HEV LIB for P-HEV LIB for EV

• 20 000

40 000 60 000 80 000 100 000 120 000 140 000 160 000 180 000 2005 2010 2015 2020 2025 M Wh NiMH for HEV LIB for HEV LIB for P-HEV LIB for EV Source: AVICENNE ENERGY Analyses 2013

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

RECHARGEABLE BATTERY MARKET 2000 – 2025

Rechargeable battery market, M$ for x-EV 2000-2025 (cell level) Rechargeable battery market, M$, 2000-2025 (cell level)

24

5 000 10 000 15 000 20 000 25 000 30 000 2000 2005 2010 2012 2015 2020 2025 M $ NiMH for HEV LIB for HEV LIB for P-HEV LIB for EV 5 000 10 000 15 000 20 000 25 000 30 000 2000 2005 2010 2015 2020 2025 M $ NiCd NiMH except Auto NiMH for HEV LIB Cyl LIB Pr LIB Pol LIB Auto

Source: AVICENNE ENERGY Analyses 2013

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

35 MILLION MICRO-HYBRIDS CAR IN 2020

Micro-hybrids car market 2010-2020 Micro-hybrid batteries

25

Powered today by Advanced lead acid batteries (sometimes in conjunction with super capacitors) LTO will also penetrate this market (Toshiba -> Suzuki) Panasonic develop new NiMH cell to adress the micro-hybrid market

Source: AVICENNE ENERGY Analyses 2013

10 20 30 40 50 60 70 80 2010 2015 2020 Million

Micro-hybrid car sold per year

AVICENNE Optimistic Scenario JD Power Valeo Micro-hybrid Full HEV Battery Advanced lead acid NiMH or LIB Cost ($) 300 3000 Fuel saving 5% 20% Million Vehicle sold per year in 2020 35 3.5

Advantages of micro-hybrid compare to HEV

Much more profitable than full HEV: 8 to 10 times less expensive than full HEV to save 5% gasoline instead of 20% (4 times less) Much more impact on CO2

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

HEV, P-HEV AND EV REALITY OF THE MARKET WILL BOOST MICRO HYBRID AND ADVANCED LEAD ACID BATTERIES

26

Source: AVICENNE ENERGY Analyses 2013

Standard Lead acid Batteries

2010 2015 2020 AFTER

Li-ion batteries NiMH batteries STANDARD CAR 88.5%

EV P-HEV

FULL HEV 1% MILD HEV 0.5% MICRO HYBRIDS 10%

Advanced Lead acid

NiMH STANDARD CAR 44% MICRO HYBRID 50%

EV P-HEV 2%

FULL HEV 4%

ULTRA BATTERY Li-Air, Li-S, Fuel Cells Li-ion

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

TAKEAWAYS

27

Source: AVICENNE ENERGY Analyses 2013

Li-ion battery is driven today by Portable PCs & electronic devices For HEV, the battery technology is today the NiMH In 2012, most of the car makers (except Toyota) switch to Li-ion P-HEV & EV will be powered by Li-ion: 6 B$ market in 2015 - 11 B$ in 2020 & 15 B$ in 2025 EV expectations attract large Chemical companies New materials are needed to meet Automotive standards HEV will account for less than 5% of the automotive sales in 2020 P-HEV & EV < 2% by 2020 Micro-hybrid will achieve >50% Lead acid battery will be the first market in 2025 in volume & value A very small EV market in the automotive world will represent a huge market for batteries

Battery Market 2010-2025 CAGR = +8%

Note: Excluding Energy Storage batteries

RECHARGEABLE BATTERY MARKET WORLDWIDE 2000-2025

2000 2010 2020 2025 MWh

Others LIB NiMH NiCd Lead Acid

2000 2005 2010 2012 2015 2020 2025

Lead Acid (+4%) NiCd (-4%) NiMH (-4%) LIB (+6%) LIB for xEV (+16%) (CAGR 2012-2025) 25 B$ 49 B$ 60 B$ 78 B$ 92 B$ 280 GWh 380 GWh 575 GWh 775 GWh

2,3 15 11 23 52 32

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

THANK YOU

Christophe PILLOT AVICENNE ENERGY c.pillot@avicenne.com Phone: +33 1 47 78 46 00 Mobile: + 33 6 88 82 79 49

28

About AVICENNE ENERGY

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

AVICENNE PROFILE

Creation: 1992, by Ali MADANI Headquarter: Paris Liaison Office: Japan, USA AVICENNE Energy Director: Christophe Pillot 5 consultants

A Madani C Pillot JP Salvat X Zhang A Yassari

Information for Growth - Powering your company’s market strategy with in-depth research

The Rechargeable Battery market 21st Edition Customized survey 30

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

OUR BUSINESS STORY

1992

• AVICENNE Creation

1994

• AVICENNE advised French Industry Ministry on the European battery business
• pportunities
• AVICENNE open its office in JAPAN

1999

• « BATTERIES » congress 1st edition in Paris

2003

• AVICENNE work on the due diligence process for the sales of SAFT by

ALCATEL 2008

• AVICENNE: expert witness in the NTT-Hydro Quebec conflict

2009

• AVICENNE presented its market forecasts to industrials (CIAPS) in Beijing

– China 2010

• Avicenne developed partnership with BATTERY JAPAN
• 20thEdition of “The rechargeable battery market worldwide 2010-2020

2011

• AVICENNE Energy division is created
• 13th Edition of BATTERIES Congress

2013

• 22nd Edition of “The rechargeable battery market worldwide 2012-2025
• 15th Edition of BATTERIES CONGRESS

31

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

OUR METHODOLOGY

MARKET & STRATEGIC ANALYSIS

Primary Research Secondary Research

Executive Interviews Vendor Briefings Product Demos and Tours Company News & Financials Technology & Product Specs Government Data Economic, Demographic Data Consumer Surveys Business Leader Surveys Case Studies Reference Customers

Qualitative Quantitative Strategic

Business Models & Trends Technology Issues Policy & Regulatory Factors Competitive Landscape Profiles of Key Players Company News & Financials Technology & Product Specs Government Data Economic, Demographic Data SWOT Analysis Gap Analysis Business Plan Value Proposition Due Diligence Merger & Acquisition

Track valuable Information's Strategic Analysis Presentation of the results Q&A with customers Customer Evaluation

INFORMATION COLLECTION

SUPPLY SIDE DEMAND SIDE

32

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

METHODOLOGY: EXTENSIVE FIELD RESEARCH TO RETRIEVE & CROSS CHECK INFORMATION

In Depth analysis Of applications Cross Check Analysis

Battery Makers OEM Raw materials suppliers Environment & recycling BMS Electronics Substitution technologies

Conferences & Exhibitions Top management contact network > 19 000 contacts

33

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

CUSTOMIZED & MULTICLIENT SURVEY FOR ALL THE VALUE CHAIN

Source : Photo from BASF

Raw Materials BMS & Electronics Cooling Systems Power Electronics Batteries

34

Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

MORE THAN 180 REFERENCES WORLDWIDE

A123 AIR LIQUIDE AIR PRODUCT AHLSTROM ALCATEL AMPEREX (ATL) APPLIED MATERIALS AROS SECURITIES ARC ARKEMA ASHLAND ATOFINA AT KEARNEY AXEON BAIN BASF BATTERY R&D ASSOCIATION OF KOREA B&D BHP BILLITON BRAND LICENCING PARNERS (BLP) BOURNS BOSCH BUHLER GMBH BYD CAP X CATELLA CARBONE LORRAINE CARLYLE CATELLA CATERPILLAR INC. CDN COBALT CEA/LITEN CELGARD CHEMETALL CHEMISHE FABRIK BUDENHEIM CIBA CIAPS CHINA COGEMA CONOCO PHILIPS CRU GROUP CSC CHALLENGE STRATEGY CHANGE DCN DELTA DGA DIALOG SEMICONDUCTOR DOW CHEMICAL DOW CORNING DUPONT DURACELL EDF ELECTRO ENERGY ENER 1 ENERGIZER EOLITE EPCOS OHG ERAMET ETC AB FACOM FALCON BRIDGE FAIRSHILD SEMICONDUCTOR FAMEART FIST FLORIDIENNE DE CHIMIE FMC FORTU POWER CELL FRANCE TELECOM FULTON INNOVATION GAIA GIL IMPORT BATTERIES LTD. GS MELCOTEC HC STARCK (BAYER) HILTI HITACHI MAXELL HOLLINGSWORTH & VOSE CIE HONEYWELL HPL (HIGH POWER LITHIUM) HUTCHINSON IER IGL EXPORT. INTERNATIONAL COMPONENT CORP. INTERNATIONAL RECTIFIER INTEK INTEL INTERSIL INCO ITRI ITS JBC JETRO JOHNSON CONTROLS KODAK KRUGER LAZARD LECLANCHÉ LEGRAND LG CHEMICAL LION CELLS LITTLE FUSE LILIPUCIAN LYNAS CORP MATSUSHITA MICROSOFT MTI MICRO FUEL CELLS MOLTECH MOLYCORP MOMENTIVE MOTOROLA MUNSTER UNIVERSITY NANOCYL NCCP - RUSSIA NITECH NKKPC NORILSK NICKEL NOVALED NTK POWERDEX OLIVER WYMAN OMG INC PANASONIC PHILIPS PHOTON PK & WISE POWER GENIX PRAYON PRISMARK PSA RAYOVAC RECHARGE RENAULT RHODIA ROLAND BERGER SAFT SAGENTIA SAINT GOBAIN SAKTI SAMSUNG SDI SANIK SCHRODER VENTURE SCOTENT ENTREPRISE SFPZ SHENZHEN HIGH POWER TECHNOLOGY SCHOTT AG SKC SVE - DASSAULT SOLVAY SONY STIBAT STORCK STRATEGY ANALYSIS TERRAROSSA CAPITAL TIGER GLOBAL TODA KOGYO TOTAL TOTAL WIRELESS SOLUTION TOYO TOYOTA TYCO UMICORE UNIROSS URALELEMENT US NAVY VARTA VOLTRACK WACKER CHEMIE AG WARBURGPINCUS WORLD INDUSTRIAL INFORMATION CENTER WR GRACE & CIE YASLAMEN ZEBRA ZPOWER

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Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

SPEAKER, CHAIRMAN OR WORKSHOP MODERATOR

BATTERIES 2012, FRANCE – (1999-2012)

Owner, chairman & speaker “The battery market 2010-2025” INTERNATIONAL Li-ion BATTERY SUMMIT – Dec 2011, Shenzhen, China “The Li-ion battery raw materials market 2010-2020” AABC Europe, Mainz (2012) “The Lithium ion raw material battery market 2010-2020” THE 28th INTERNATIONAL BATTERY SEMINAR - FLORIDA Fort Lauderdale, Florida , March 2012 “HEV, PHEV & EV market 2010-2020 ; Battery is the key” (From 2004 to 2010) EVER 2009, MONACO “Challenges for EV market in Europe”

EVS 20011, “Battery market for automotive industry” CIAPS (China Industrial Association of Power sources), BEIJING, Dec 2009 “Advanced battery market & raw materials worldwide” Advanced Battery for Vehicles, IQPC, Frankfort, 2009-2010

Chairman & speaker, “The battery business 2009-2020”

EET-2008 European Ele-Drive, MOTOR SHOW GENEVA,

International Advanced Mobility Forum – Geneva Motor Show (Professor Gaston Maggetto Award: C. Pillot as the best rated paper & presentation by EET-2008 Scientific Reviewing Committee) “The HEV & EV market trends & main challenges” China Industry Battery Fair 2006 “The Chinese battery Industry”

…

Tens of INTERNATIONAL CONFERENCES per year

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Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

BATTERIES 2013 OCTOBER 14TH-16TH

3 days congress in France (Nice) 15th Edition (first edition in 1999) 500 attendees 40 Booths Battery makers, raw materials suppliers, IC & BMS suppliers, tests, machining, coating, 80 international experts: Researchers, industrial process, marketing, financials,

www.batteriesevent.com

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Christophe PILLOT + 33 1 47 78 46 00 c.pillot@avicenne.com

The worldwide xEV market 2012-2025 Battery is the key September 2013

SUMMARY

A small team dedicated

• n the battery industry

since almost 20 years Working with large group worldwide: FMC, Umicore, Dupont, Dow, Panasonic, LG, Samsung, JCI, Nokia, Bosch, Siemens, Toyota, Renault, … Synthetic presentation to management & CEO

• f major groups

Knowledge Methodology Expert Network Flexibility

We will help and support your growth

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