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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Lithium carbonate is a white salt that functions as an inorganic compound containing lithium, carbon, and oxygen. With the addition of lithium carbonate to lithium-ion batteries, they become much more powerful and active, as it improves the production and applications of these batteries.
The battery pack of an EV is normally constructed from thousands of rechargeable lithium-ion cells that are connected to one another. Since they provide the best balance between cost and energy storage capacity, lithium-ion cells are the most widely used.
The best estimate is roughly 850 g of lithium carbonate equivalent (LCE) in the battery per kWh, or about 160 g of lithium metal in the battery per kWh. Lithium is available in two different forms: lithium carbonate and lithium hydroxide, both of which can be utilised in lithium-ion batteries and electric vehicles.
The Global EV battery Lithium carbonate market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
Stellantis Secures Low Emissions Lithium Supply for North American Electric Vehicle Production from Controlled Thermal Resources.A legally binding offtake agreement was signed by Stellantis N.V. and Controlled Thermal Resources Ltd. (CTR) for CTR to provide battery quality lithium hydroxide for use in Stellantis' North American electrified vehicle production.
In an integrated, closed-loop process, CTR's Hell's Kitchen Project in Imperial County, California, will recover lithium from geothermal brines using renewable energy and steam to produce battery-grade lithium products, doing away with the need for evaporation brine ponds, open pit mines, and fossil-fueled processing.
It will be possible to reach ambitious production goals for electric vehicles in an environmentally responsible way by securing a strong, competitive, and low-carbon lithium supply from several partners across the globe.
Obtaining clean lithium manufactured from renewable energy aids in further decarbonizing the battery supply chain, resulting in cleaner cars with less of an impact on the environment.In Imperial County, CTR produces geothermal energy in addition to battery-grade lithium hydroxide and lithium carbonate.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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