China Electric Vehicle Battery Market 2027: Size, Share, Analysis, Growth and Key Players
According to the latest report by IMARC Group, titled “China Electric Vehicle Battery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The China electric vehicle battery market is expected to exhibit a CAGR of 25.4% during 2022-2027.
An electric vehicle battery is a rechargeable battery used to power the electric motor of a vehicle. It assists in reducing carbon emissions, mitigating fuel dependency, controlling maintenance costs, and producing high energy per unit mass as compared to traditionally used vehicle batteries.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
Increasing sales of hybrid and electric vehicles (H/EVs) represent one of the major factors positively influencing the demand for electric vehicle batteries in China. In addition, due to the rising environmental consciousness among individuals, governing authorities in the country are introducing stringent regulations to minimize carbon emissions. They are also investing in upgrading public charging infrastructures for EVs, which is further providing a thrust to the market growth in the country. Apart from this, the integration of the Internet of Things (IoT), wireless connectivity and vehicle telematics solutions for real-time monitoring of vehicles are offering lucrative growth opportunities to industry investors.
Breakup by Battery Type:
Lead Acid Battery
Lithium-Ion Battery
Others
Breakup by Vehicle Type:
Battery Electric Vehicles (BEV)
Plug-in Hybrid Electric Vehicles (PHEV)
Hybrid Electric Vehicles (HEV)
Breakup by Battery Capacity:
<30 kWh
30-60 kWh
>60 kWh
Competitive Landscape with Key Player:
BMZ Group
BYD Company Limited
Contemporary Amperex Technology Co., Limited. (CATL)
GS Yuasa International Ltd
Lishen Battery
Microvast
OptimumNano Energy Co.,Ltd
Panasonic Corporation
Samsung SDI Co., Ltd
Showa Denko Materials Co., Ltd.
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Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic
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