The fortifying progress of market players and manufacturers pushes the EV Battery industry toward exponential growth and development. The market is experiencing a huge upsurge in growth due to the growing government initiatives promoting EV adoption among consumers. Moreover, the growing initiatives of the market players toward the betterment of the industry facilitate the exponential growth of the industry. A leading market research company Markntel Advisors published a report description based on the Global EV Battery Market. The report further comprises “Global EV Battery Market Research Report: By Battery Type (Lithium-Ion, Lead-Acid, Nickel-Metal Hydride, Others), By Battery Capacity (<50 KWh, 50-110 KWh, 111-200 KWh, 201-300 KWh, >300 KWh), By Battery Form (Prismatic, Pouch, Cylindrical), By Propulsion Type (Battery Electric Vehicle [BEV], Plug-In Hybrid Electric Vehicle [PHEV], Fuel-Cell Electric Vehicle, Hybrid Vehicle), By Vehicle Type (Two-wheeler, Passenger Cars, Commercial Vehicles [Vans/Light Trucks, Medium & Heavy Trucks, Buses, Off-Highway Vehicles]), By Method, (Wire Bonding, Laser Bonding, Ultrasonic Bonding) and others Forecast (2025-2030)”, According to the report, the Global EV Battery Market size was valued at USD 132.5 billion in 2023 & is projected to reach USD 495.6 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 14.4% during the forecast period, i.e., 2025-30. This predicted growth is further boosted by increasing awareness related to environmental concerns and rising vehicular emissions leading to high air pollution levels across the globe.
Established in 2011, and its headquarters is in Fujian, China
Contemporary Amperex Technology Co., Limited (CATL) is a Chinese battery manufacturer and technology company, that specializes in the manufacturing of lithium-ion batteries for electric vehicles and energy storage systems, as well as battery management systems (BMS). The company operated thirteen battery manufacturing plants worldwide, namely in Guiyang, Jining, Liyang, Luoyang, Ningde, Nanhui New City, Xiamen, Xining, Yibin, Yichun, Zhaoqing, Erfurt and Debrecen.
Established in 1875, its headquarters is in Tokyo, Japan
Toshiba is a Japanese multinational electronics company, with diversified products and services including power, industrial and social infrastructure systems, elevators and escalators, electronic components, semiconductors, hard disk drives, printers, batteries, lighting, as well as IT solutions such as quantum cryptography. It was formerly also one of the biggest manufacturers of personal computers, consumer electronics, home appliances, and medical equipment.
Sunwoda Electric Vehicle Battery Co., Ltd. operates as a wholly-owned subsidiary of Sunwoda Electronic Co., Ltd. Dedicated to pioneering the electric vehicle battery pack industry, Sunwoda excels in providing cutting-edge lithium battery integration technology to both domestic and global new energy vehicle companies. Within the realm of electric vehicle battery packs, Sunwoda boasts an impressive repertoire of complete R&D and manufacturing capabilities.
Established in 1918, and headquarters is in Japan
Panasonic Holdings Corporation is a Japanese multinational electronics company, initially designed their cylindrical lithium-ion batteries to offer exceptional durability and lightweight properties for notebook PCs. However, the surge in demand for automotive batteries during the late 2000s prompted them to venture into the automotive battery business.
The blog comprises Global market players in the EV Battery industry, with market product information. This blog entails details regarding the prominent factors behind the surging demand for futuristic growth and new opportunities that facilitate market development. Market players such as Contemporary Amperex Technology Co., Limited, LG Energy Solutions, BYD Company Limited, Panasonic Corporation, Toshiba Corporation, Mitsubishi Corporation, Enersys, SK Inc., CALB, Gotion Inc, Sunwoda Electronic Co. Ltd, Farasis Energy, Vehicle Energy Japan, Inc, Exide Industries, Primearth EV Energy Co., Ltd, and Others leading companies, facilitate revolutionizing the global market and promoting a secure future for the EV Battery market.
