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Global and China Ternary Cathode Materials (NCA/NCM) and Battery Industry Report, 2017-2020

the global shipment of cathode materials grew 26.7% year on year. Thanks to brisk demand from electric vehicles, LFP and NCA show rapid growth among which NCA gets primarily used for Panasonic 18650 cylindrical batteries (to be supplied to Tesla EVs) and substantial growth of LFP benefits mainly from China's EV demand, particularly robust demand from electric buses as well as application in energy storage field.

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