EV Battery Market worth $134.6 billion by 2027 - Exclusive Report by MarketsandMarkets™
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Monday, September 26, 2022
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Chinese businesses including Panasonic, LG, Chem, Samsung, CATL, and BYD are in charge of the domestic and international EV battery markets, respectively.
Key Points:
- Chinese businesses including Panasonic, LG, Chem, Samsung, CATL, and BYD are in charge of the domestic and international EV battery markets, respectively.
- The nation is also enticing businesses to create better EV technologies, which will aid in EV batteries overall growth.
- In addition, the use of electric vans in the logistics sector of Europe is expected to bring opportunity for the EV battery market.
- The lithium-ion battery dominates the EV Battery Market due to its high energy density, fast recharging capability, and high discharge power.