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EV Battery Market by Battery Type (Li-ion, NiMH, SSB), Vehicle Type (PC, Vans/Light Truck, MHCV, Bus & OHV), Propulsion, Battery Form, Material Type, Battery Capacity, Method, Li-ion Battery Component, and Region - Global Forecast to 2035
Market Report I 2025-02-05 I 371 Pages I MarketsandMarkets
The global EV Battery market is projected to reach USD 91.93 billion in 2024 to USD 251.33 billion in 2035, at a CAGR of 9.6% from 2024-2035.
The EV battery market is experiencing rapid growth driven by increasing electric vehicle adoption, advancements in battery technology, and supportive government policies. Growing demand for longer-range, faster-charging batteries has spurred innovations such as Honda's plan to produce solid-state batteries offering up to 620 miles on a single charge by 2024. Additionally, partnerships and investments are fueling expansion, such as Stellantis and CATL's USD 4.2 billion venture for a lithium iron phosphate battery plant in Spain, announced in December 2024. With OEMs launching new EV models and battery manufacturers scaling production, the EV battery market is poised for significant expansion.
"Solid-state battery is expected to show a significant growth rate in the EV battery market during the forecast period."
Solid-state batteries are anticipated to witness significant growth in the EV battery market due to their potential to revolutionize energy density, safety, and charging efficiency. These batteries replace the liquid electrolyte found in conventional lithium-ion batteries with a solid electrolyte, offering enhanced thermal stability, reduced risk of fires, and longer lifespans. Their higher energy density can substantially increase EV range while enabling faster charging times, making them a game-changer for EV adoption. Recent developments underscore their growing momentum. In December 2024, Honda announced plans to produce solid-state batteries for EVs capable of delivering up to 620 miles (1,000 kilometers) on a single charge-more than double the range of many existing electric vehicles. Similarly, in September 2024, Factorial collaborated with Mercedes-Benz to develop the Solstice battery, an all-solid-state battery featuring a novel dry cathode design. This innovation promises an energy density of up to 450Wh/kg and more efficient, sustainable production processes, marking a significant leap in solid-state battery technology. With leading automotive and battery companies intensifying their R&D efforts and governments incentivizing advancements in battery technology, solid-state batteries are poised to play a pivotal role in shaping the future of the EV market, addressing key challenges like range anxiety, safety concerns, and charging infrastructure limitations.
"Passenger Car is expected to hold the largest share in the EV Battery market during the forecast period."
Passenger cars are expected to dominate the EV battery market over the study period, capturing the largest market share due to surge in consumer demand, supportive government policies, and the increasing availability of diverse EV models. Governments worldwide are implementing stringent regulations on vehicle emissions and offering subsidies to promote EV adoption, driving passenger car sales. Additionally, advancements in EV battery technology, such as enhanced energy density, faster charging, and lower costs, have made electric passenger cars more accessible to the mass market. Major automotive OEMs are gearing up for this transition, with several passenger car EV models slated for release in the coming years. For instance, Renault's highly anticipated Renault 5 E-Tech, set for a 2026 launch, will feature advanced lithium-ion batteries sourced from AESC. Similarly, Mercedes-Benz plans to introduce the EQA 300 4MATIC in 2025, equipped with a high-performance NMC battery provided by SK ON, a subsidiary of SK Innovation. These vehicles highlight the rising demand for advanced EV batteries, driving innovation and production growth in the battery industry. Advances in battery chemistry, such as the shift from LFP to NMC and NCA, are boosting energy density and driving ranges, fueling market expansion. Collaborations between OEMs and battery manufacturers are accelerating high-performance battery development. For instance, in November 2024, LG Energy Solution announced a five-year agreement to supply 4695 cylindrical lithium-ion batteries for Rivian's R2.
Investments in new technologies like solid-state batteries and silicon anode chemistries, along with scaling production through gigafactories, are further enhancing market growth. These trends underscore the synergy between OEMs and battery makers, positioning the passenger car segment as the largest driver of the EV battery market and advancing the global shift to sustainable transportation.
"Europe set to witness a notable growth in EV battery market during the forecast period."
Europe is poised to experience remarkable growth in the EV battery market over the forecast period, fueled by stringent emission reduction targets, rising EV demand, and increasing investments in battery infrastructure. The EU's March 2023 law mandates zero CO? emissions for all new cars sold by 2035, alongside a 55% reduction in CO? emissions by 2030 compared to 2021 levels. These ambitious targets are driving the rapid decarbonization of new car fleets, significantly boosting EV adoption and, consequently, the EV battery market. While the EU has pledged a legal pathway for e-fuels vehicles beyond 2035, the focus remains on zero-emission solutions for cars and vans. European OEMs are heavily investing in EV and battery developments. For instance, in December 2024, Stellantis NV and CATL announced an estimated USD 4.3 billion joint venture to build a large-scale lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. Similarly, BMW Group plans to open five battery factories near auto manufacturing hubs, including facilities in Lower Bavaria and Debrecen, Hungary, to support its Neue Klasse electric vehicles.
Key battery manufacturers are also expanding their presence in Europe. Major players like Northvolt, LG Energy Solution, and CATL are establishing battery gigafactories to meet the growing demand. These developments underscore Europe's commitment to becoming a global leader in EV batteries, supported by progressive policies, a robust automotive ecosystem, and increasing investments from OEMs and suppliers.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
- By Company Type: Tier I - 37%, Tier II - 41%, and Tier III - 22%
- By Designation: Directors - 31%, Managers - 45%, and Others - 24%
- By Region: Asia Pacific - 33%, North America - 39%, and Europe - 28%
The EV Battery market is dominated by major players, including Contemporary Amperex Technology Co., Limited (China), BYD Company Ltd. (China), LG Energy Solution Ltd. (South Korea), CALB (China), SK Innovation Co., Ltd. (South Korea) and more. These companies are expanding their portfolios to strengthen their EV battery market position.
Research Coverage:
The report covers the EV Battery market in terms of Battery Capacity (<50 kWh, 51-110 kWh, 111-201 kWh, 201-300 kWh, > 301 kWh), Battery Form (Prismatic, Pouch, Cylindrical), Battery Type (Lithium-ion, Nickel-metal Hydride, Solid-state, Sodium-ion), Lithium-ion Battery Component (Negative Electrode, Positive Electrode, Electrolyte, Separator), Material Type (Cobalt, Lithium, Natural Graphite, Manganese, Iron, Phosphate, Nickel), Method (Wire Bonding, Laser Bonding, Ultrasonic Metal Welding), Propulsion (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Fuel Cell Electric Vehicle, Hybrid Electric Vehicle), Vehicle Type (Passenger Cars, Vans/Light Trucks, Medium & Heavy Trucks, Buses, Off-highway Vehicles), and Region. It covers the competitive landscape and company profiles of the significant EV Battery market players.
The study also includes an in-depth competitive analysis of the key market players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report:
- The report will help market leaders/new entrants with information on the closest approximations of revenue numbers for the EV Battery market and its subsegments.
- This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies.
- The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
- The report also helps stakeholders understand the current and future pricing trends of the EV Battery market.
- The report will help market leaders/new entrants with information on various trends in EV Battery market based on component, battery form, region, and other parameters.
The report provides insight on the following pointers:
- Analysis of key drivers (Government incentives and OEM investments accelerate EV battery demand, Advancements in battery technologies leading the charge for EV battery market, Government strategies for EV adoption driving battery market boom, Declining EV battery prices boost market accessibility and growth), restraints (Geopolitical instabilities and supply chain disruptions pose risks to EV battery expansion, Charging infrastructure deficit hinders EV adoption in emerging economies, Emergence of alternative fuels to create a potential restraint for the EV batteries), opportunities (The growing role of Battery-as-a-Service in EV battery market boom, Innovative solid-state batteries creating new growth prospects for the EV battery, ESS advancements creating new paths for EV battery market growth), and challenges (High initial costs hindering the proliferation of the EV battery market, Lithium shortages jeopardizing the growth of the EV battery, Safety concerns hindering the expansion of the EV battery market, Cost disparity Between EVs and conventional vehicles to create a hurdle for EV battery expansion)
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the EV Battery market.
- Market Development: Comprehensive information about lucrative markets - the report analyses the EV Battery market across varied regions.
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the EV Battery market.
- Competitive Assessment: In-depth assessment of market share, growth strategies, and service offerings of leading players like Contemporary Amperex Technology Co., Limited (China), BYD Company Ltd. (China), LG Energy Solution Ltd. (South Korea), CALB (China), and SK Innovation Co., Ltd. (South Korea) among others in EV Battery market.
1 INTRODUCTION 28
1.1 STUDY OBJECTIVES 28
1.2 MARKET DEFINITION 29
1.3 STUDY SCOPE 33
1.3.1 MARKET SEGMENTATION 33
1.3.2 INCLUSIONS & EXCLUSIONS 33
1.4 YEARS CONSIDERED 35
1.5 CURRENCY CONSIDERED 35
1.6 UNIT CONSIDERED 35
1.7 STAKEHOLDERS 36
1.8 SUMMARY OF CHANGES 36
2 RESEARCH METHODOLOGY 37
2.1 RESEARCH DATA 37
2.1.1 SECONDARY DATA 38
2.1.1.1 Secondary sources 39
2.1.1.2 Key data from secondary sources 40
2.1.2 PRIMARY DATA 41
2.1.2.1 Primary interviews from demand and supply sides 41
2.1.2.2 Breakdown of primary interviews 41
2.1.2.3 Primary participants 42
2.1.2.4 Objectives of primary research 43
2.2 MARKET SIZE ESTIMATION 43
2.2.1 BOTTOM-UP APPROACH 45
2.2.2 TOP-DOWN APPROACH 46
2.3 DATA TRIANGULATION 47
2.4 FACTOR ANALYSIS 49
2.5 RESEARCH ASSUMPTIONS & CONSIDERATIONS 49
2.6 RESEARCH LIMITATIONS 50
2.7 RISK ASSESSMENT 51
3 EXECUTIVE SUMMARY 53
4 PREMIUM INSIGHTS 57
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN EV BATTERY MARKET 57
4.2 EV BATTERY MARKET, BY REGION 58
4.3 EV BATTERY MARKET, BY BATTERY CAPACITY 58
4.4 EV BATTERY MARKET, BY BATTERY FORM 59
4.5 EV BATTERY MARKET, BY BATTERY TYPE 59
4.6 EV BATTERY MARKET, BY MATERIAL TYPE 60
4.7 EV BATTERY MARKET, BY PROPULSION 60
4.8 EV BATTERY MARKET, BY VEHICLE TYPE 61
5 MARKET OVERVIEW 62
5.1 INTRODUCTION 62
5.2 MARKET DYNAMICS 62
5.2.1 DRIVERS 63
5.2.1.1 Rise in government incentives and OEM investments 63
5.2.1.2 Advancements in battery technologies 63
5.2.1.3 Government strategies to promote adoption of EVs 64
5.2.1.4 Declining prices of EV batteries 66
5.2.2 RESTRAINTS 67
5.2.2.1 Geopolitical instability and supply chain disruptions 67
5.2.2.2 Shortage of charging infrastructure in emerging economies 70
5.2.2.3 Emergence of alternative fuel options 70
5.2.3 OPPORTUNITIES 71
5.2.3.1 Growth of BaaS in EV battery market's boom 71
5.2.3.2 Development of innovative solid-state batteries 72
5.2.3.3 Advancements in ESSs 72
5.2.4 CHALLENGES 73
5.2.4.1 High initial cost 73
5.2.4.2 Shortage of lithium 73
5.2.4.3 Safety concerns 74
5.2.4.4 Cost disparity between electric and conventional vehicles 75
5.3 TRENDS & DISRUPTIONS IMPACTING CUSTOMER BUSINESS 77
5.4 RAPID DEVELOPMENT OF NEVS TO DRIVE GROWTH OF EV BATTERY MARKET 77
5.5 ANALYSIS OF PRICE AND COST OF LITHIUM-ION BATTERIES 78
5.6 PRICING ANALYSIS 79
5.6.1 AVERAGE SELLING PRICE OF KEY PLAYERS FOR PASSENGER CARS 79
5.6.2 AVERAGE SELLING PRICE, BY REGION 80
5.7 IMPACT OF AI ON EV BATTERY MARKET 80
5.8 ECOSYSTEM ANALYSIS 81
5.9 VALUE CHAIN ANALYSIS 83
5.10 CASE STUDY ANALYSIS 84
5.10.1 BYD DEVELOPED BLADE BATTERY TO PRIORITIZE SAFETY AND DURABILITY WITHOUT COMPROMISING PERFORMANCE 84
5.10.2 WIPRO PARI LEVERAGED COGNEX'S ADVANCED MACHINE VISION SYSTEM TO ADDRESS COMPLEXITIES OF EV BATTERY MANUFACTURING 84
5.10.3 NORTHVOLT ADOPTED AUTODESK'S INTEGRATED SOFTWARE SOLUTION TO IMPLEMENT DIGITAL FACTORY APPROACH THAT CONNECTS BATTERY DESIGN AND MANUFACTURING 85
5.10.4 MAXWELL ENERGY OFFERED CUTTING-EDGE ULTRACAPACITOR TECHNOLOGY TO ENHANCE ENERGY RECOVERY AND POWER DELIVERY 85
5.11 INVESTMENT AND FUNDING SCENARIO 86
5.12 PATENT ANALYSIS 87
5.13 TECHNOLOGY ANALYSIS 91
5.13.1 KEY TECHNOLOGIES 91
5.13.1.1 Lithium-ion and other battery chemistries 91
5.13.2 COMPLEMENTARY TECHNOLOGIES 92
5.13.2.1 Cell-to-pack (CTP) technology 92
5.13.3 ADJACENT TECHNOLOGIES 93
5.13.3.1 Cell-to-chassis battery technology 93
5.14 HS CODE: LITHIUM CELLS AND BATTERIES (850650) 93
5.14.1 IMPORT DATA 93
5.14.2 EXPORT DATA 95
5.15 REGULATORY LANDSCAPE 96
5.15.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 96
5.15.2 REGULATIONS/VOLUNTARY PROCEDURES FOR EV BATTERIES 100
5.16 KEY CONFERENCES & EVENTS, 2025-2026 102
5.17 KEY STAKEHOLDERS & BUYING CRITERIA 103
5.17.1 KEY STAKEHOLDERS IN BUYING PROCESS 103
5.17.2 BUYING CRITERIA 104
5.18 OEM ANALYSIS 106
5.18.1 INITIATIVES UNDERTAKEN AND INVESTMENTS IN LITHIUM BY BATTERY MANUFACTURERS/OEMS 106
5.18.1.1 Lithium-ion battery cells (cathode type): OEMs and key suppliers 107
5.19 SUPPLIER ANALYSIS 107
6 EV BATTERY MARKET, BY BATTERY TYPE 116
6.1 INTRODUCTION 117
6.2 LITHIUM-ION 119
6.2.1 CONTINUOUS IMPROVEMENTS IN BATTERY CHEMISTRY TO DRIVE MARKET 119
6.2.2 LITHIUM IRON PHOSPHATE 122
6.2.3 NICKEL MANGANESE COBALT 124
6.2.4 LITHIUM IRON MANGANESE PHOSPHATE 125
6.2.5 OTHERS 127
6.3 NICKEL-METAL HYDRIDE 128
6.3.1 LARGE-SCALE ADOPTION OF NIMH BATTERIES IN HEVS TO DRIVE GROWTH 128
6.4 SOLID-STATE 129
6.4.1 ADVANCEMENTS IN SOLID-STATE TECHNOLOGY TO DRIVE DEMAND 129
6.5 OTHER BATTERY TYPES 131
6.6 KEY PRIMARY INSIGHTS 132
7 EV BATTERY MARKET, BY MATERIAL TYPE 133
7.1 INTRODUCTION 134
7.2 COBALT 136
7.2.1 SUPPORT FOR HIGH-PERFORMANCE BATTERY CHEMISTRIES TO DRIVE MARKET 136
7.3 LITHIUM 137
7.3.1 HIGH ENERGY DENSITY OF LITHIUM TO BOOST ITS DEMAND IN EV BATTERIES 137
7.4 NATURAL GRAPHITE 138
7.4.1 USE OF NATURAL GRAPHITE AS ANODE MATERIAL TO BOOST ITS GROWTH 138
7.5 MANGANESE 140
7.5.1 VERSATILITY IN CATHODE CHEMISTRIES TO DRIVE MARKET 140
7.6 IRON 141
7.6.1 WIDESPREAD AVAILABILITY OF IRON TO BOOST ITS USAGE AS KEY BATTERY COMPONENT 141
7.7 PHOSPHATE 142
7.7.1 ABUNDANCE AND AVAILABILITY OF PHOSPHATE TO DRIVE MARKET 142
7.8 NICKEL 143
7.8.1 FOCUS ON ACHIEVING HIGH ENERGY DENSITY TO DRIVE MARKET 143
7.9 OTHER MATERIAL TYPES 144
7.10 KEY PRIMARY INSIGHTS 145
8 EV BATTERY MARKET, BY BATTERY FORM 146
8.1 INTRODUCTION 147
8.2 PRISMATIC 150
8.2.1 HIGH ENERGY DENSITY AND BETTER DURABILITY OF PRISMATIC BATTERIES TO DRIVE DEMAND 150
8.3 POUCH 152
8.3.1 SPACE EFFICIENCY OF POUCH CELLS TO DRIVE MARKET 152
8.4 CYLINDRICAL 153
8.4.1 MECHANICAL STABILITY OF CYLINDRICAL CELLS TO DRIVE MARKET 153
8.5 KEY PRIMARY INSIGHTS 155
9 EV BATTERY MARKET, BY PROPULSION 156
9.1 INTRODUCTION 157
9.2 BEV 158
9.2.1 ADVANCEMENTS IN BATTERY TECHNOLOGY TO DRIVE MARKET 158
9.3 PHEV 160
9.3.1 REDUCED FUEL CONSUMPTION OF PHEVS TO DRIVE DEMAND FOR ADVANCED EV BATTERIES 160
9.4 FCEV 161
9.4.1 HEAVY-DUTY, COMMERCIAL APPLICATIONS OF FCEVS TO DRIVE MARKET FOR BATTERIES 161
9.5 HEV 163
9.6 KEY PRIMARY INSIGHTS 163
10 EV BATTERY MARKET, BY VEHICLE TYPE 164
10.1 INTRODUCTION 165
10.2 PASSENGER CAR 171
10.2.1 GOVERNMENT POLICIES AND ADVANCEMENTS IN BATTERY TECHNOLOGY TO DRIVE MARKET 171
10.3 VAN/LIGHT TRUCK 173
10.3.1 GROWTH OF LAST-MILE DELIVERY SERVICE AND E-COMMERCE TO DRIVE MARKET 173
10.4 MEDIUM & HEAVY TRUCK 175
10.4.1 CORPORATE SUSTAINABILITY GOALS AND ADVANCEMENTS IN BATTERY AND CHARGING INFRASTRUCTURE TO DRIVE MARKET 175
10.5 BUS 177
10.5.1 GROWING FOCUS ON SUSTAINABLE URBAN TRANSPORTATION TO DRIVE MARKET 177
10.6 OFF-HIGHWAY VEHICLES 179
10.6.1 NEED FOR HEAVY-DUTY VEHICLES TO DRIVE DEMAND FOR ROBUST BATTERIES 179
10.7 KEY PRIMARY INSIGHTS 182
11 EV BATTERY MARKET, BY BATTERY CAPACITY 183
11.1 INTRODUCTION 184
11.2 < 50 KWH 186
11.2.1 NEED FOR URBAN-FRIENDLY, AFFORDABLE BATTERY PACKS TO DRIVE MARKET 186
11.3 50-110 KWH 187
11.3.1 RISING DEMAND FOR ELECTRIC VANS/LIGHT TRUCKS TO DRIVE MARKET 187
11.4 111-200 KWH 189
11.4.1 INCREASING DEMAND FOR COMMERCIAL EVS TO DRIVE MARKET 189
11.5 201-300 KWH 190
11.5.1 NEED FOR ELECTRIC PICKUP TRUCKS TO DRIVE DEMAND FOR BATTERIES 190
11.6 > 301 KWH 191
11.6.1 RISING ADOPTION OF HEAVY-DUTY ELECTRIC VEHICLES TO DRIVE MARKET 191
11.7 KEY PRIMARY INSIGHTS 192
12 EV BATTERY MARKET, BY METHOD 193
12.1 INTRODUCTION 193
12.2 WIRE BONDING 194
12.3 LASER BONDING 194
12.4 ULTRASONIC METAL WELDING 194
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13 EV BATTERY MARKET, BY LITHIUM-ION BATTERY COMPONENT 195
13.1 INTRODUCTION 195
13.2 POSITIVE ELECTRODE 199
13.3 NEGATIVE ELECTRODE 199
13.4 ELECTROLYTE 199
13.5 SEPARATOR 200
14 EV BATTERY MARKET, BY REGION 201
14.1 INTRODUCTION 202
14.2 ASIA PACIFIC 204
14.2.1 MACROECONOMIC OUTLOOK 204
14.2.2 CHINA 209
14.2.2.1 Advancements in battery technologies to drive market 209
14.2.3 INDIA 212
14.2.3.1 Focus on reducing harmful emissions and expansion of domestic battery production to drive market 212
14.2.4 JAPAN 214
14.2.4.1 Emphasis on greenhouse gas reduction to fuel market growth 214
14.2.5 SOUTH KOREA 216
14.2.5.1 Rising technological advancements and support from local manufacturers to boost market 216
14.3 EUROPE 219
14.3.1 MACROECONOMIC OUTLOOK 219
14.3.2 GERMANY 225
14.3.2.1 Presence of leading OEMs like BMW, Mercedes-Benz, and Volkswagen to drive market 225
14.3.3 FRANCE 227
14.3.3.1 Push for clean mobility through policies to drive market 227
14.3.4 ITALY 229
14.3.4.1 Rising focus on electrifying public transport to drive market 229
14.3.5 UK 232
14.3.5.1 Stringent emission reduction targets and government-backed policies to drive growth 232
14.3.6 SPAIN 234
14.3.6.1 Large-scale investments in battery plants and consumer demand for sustainable vehicles to drive market 234
14.3.7 NORWAY 236
14.3.7.1 Adoption of EVs by consumers and ambitious electrification goals by government to drive market 236
14.3.8 SWEDEN 239
14.3.8.1 Commitment to decarbonization to fuel demand for EV batteries 239
14.3.9 DENMARK 241
14.3.9.1 Rapid innovations and increase in sustainability policies to propel market 241
14.4 NORTH AMERICA 243
14.4.1 MACROECONOMIC OUTLOOK 244
14.4.2 US 248
14.4.2.1 Government investments and initiatives to boost EV sales 248
14.4.3 CANADA 250
14.4.3.1 Expansion of OEMs and development of new manufacturing facilities to boost market 250
15 COMPETITIVE LANDSCAPE 253
15.1 INTRODUCTION 253
15.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022-2024 253
15.3 REVENUE ANALYSIS 255
15.4 MARKET SHARE ANALYSIS, 2024 256
15.5 EV BATTERY MARKET SHARE TREND ANALYSIS 258
15.6 COMPANY VALUATION AND FINANCIAL METRICS 259
15.7 BRAND/PRODUCT COMPARISON 260
15.8 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024 261
15.8.1 STARS 261
15.8.2 EMERGING LEADERS 261
15.8.3 PERVASIVE PLAYERS 261
15.8.4 PARTICIPANTS 261
15.8.5 COMPANY FOOTPRINT 263
15.8.5.1 Company footprint 263
15.8.5.2 Region footprint 264
15.8.5.3 Battery form footprint 265
15.8.5.4 Battery type footprint 266
15.8.5.5 Propulsion footprint 267
15.9 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024 267
15.9.1 PROGRESSIVE COMPANIES 267
15.9.2 RESPONSIVE COMPANIES 267
15.9.3 DYNAMIC COMPANIES 268
15.9.4 STARTING BLOCKS 268
15.9.5 COMPETITIVE BENCHMARKING 269
15.9.5.1 List of startups/SMEs 269
15.9.5.2 Competitive benchmarking of startups/SMEs 270
15.10 COMPETITIVE SCENARIO 271
15.10.1 PRODUCT LAUNCHES/DEVELOPMENTS 271
15.10.2 DEALS 272
15.10.3 EXPANSION 274
15.10.4 OTHER DEVELOPMENTS 275
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16 COMPANY PROFILES 277
16.1 KEY PLAYERS 277
16.1.1 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED 277
16.1.1.1 Business overview 277
16.1.1.2 Products offered 278
16.1.1.3 Recent developments 279
16.1.1.3.1 Product launches/developments 279
16.1.1.3.2 Deals 280
16.1.1.3.3 Other developments 284
16.1.1.4 MnM view 284
16.1.1.4.1 Key strengths 284
16.1.1.4.2 Strategic choices 285
16.1.1.4.3 Weaknesses and competitive threats 285
16.1.2 BYD COMPANY LTD. 286
16.1.2.1 Business overview 286
16.1.2.2 Products offered 287
16.1.2.3 Recent developments 288
16.1.2.3.1 Product launches/developments 288
16.1.2.3.2 Deals 288
16.1.2.3.3 Expansion 289
16.1.2.3.4 Other developments 290
16.1.2.4 MnM view 290
16.1.2.4.1 Key strengths 290
16.1.2.4.2 Strategic choices 290
16.1.2.4.3 Weaknesses and competitive threats 290
16.1.3 LG ENERGY SOLUTION 291
16.1.3.1 Business overview 291
16.1.3.2 Products offered 292
16.1.3.3 Recent developments 293
16.1.3.3.1 Deals 293
16.1.3.3.2 Expansion 295
16.1.3.3.3 Other developments 295
16.1.3.4 MnM view 296
16.1.3.4.1 Key strengths 296
16.1.3.4.2 Strategic choices 296
16.1.3.4.3 Weaknesses and competitive threats 296
16.1.4 CALB 297
16.1.4.1 Business overview 297
16.1.4.2 Products offered 298
16.1.4.3 Recent developments 299
16.1.4.3.1 Product launches/developments 299
16.1.4.3.2 Deals 299
16.1.4.3.3 Other developments 300
16.1.4.4 MnM view 300
16.1.4.4.1 Key strengths 300
16.1.4.4.2 Strategic choices 300
16.1.4.4.3 Weaknesses and competitive threats 300
16.1.5 SK INNOVATION CO. LTD. 301
16.1.5.1 Business overview 301
16.1.5.2 Products offered 302
16.1.5.3 Recent developments 303
16.1.5.3.1 Product launches/developments 303
16.1.5.3.2 Deals 304
16.1.5.3.3 Other developments 305
16.1.5.4 MnM view 306
16.1.5.4.1 Key strengths 306
16.1.5.4.2 Strategic choices 306
16.1.5.4.3 Weaknesses and competitive threats 306
16.1.6 PANASONIC HOLDINGS CORPORATION 307
16.1.6.1 Business overview 307
16.1.6.2 Products offered 308
16.1.6.3 Recent developments 309
16.1.6.3.1 Product launches/developments 309
16.1.6.3.2 Deals 310
16.1.6.3.3 Expansion 311
16.1.6.3.4 Other developments 312
16.1.7 SAMSUNG SDI 313
16.1.7.1 Business overview 313
16.1.7.2 Products offered 314
16.1.7.3 Recent developments 315
16.1.7.3.1 Product launches/developments 315
16.1.7.3.2 Deals 315
16.1.7.3.3 Expansion 316
16.1.7.3.4 Other developments 317
16.1.8 GOTION 318
16.1.8.1 Business overview 318
16.1.8.2 Products offered 319
16.1.8.3 Recent developments 320
16.1.8.3.1 Product launches/developments 320
16.1.8.3.2 Deals 320
16.1.8.3.3 Expansion 321
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16.1.9 SUNWODA ELECTRONIC CO., LTD. 322
16.1.9.1 Business overview 322
16.1.9.2 Products/Solutions offered 323
16.1.9.2.1 Deals 324
16.1.9.2.2 Expansion 325
16.1.9.2.3 Other developments 326
16.1.10 FARASIS ENERGY (GANZHOU) CO., LTD. 327
16.1.10.1 Business overview 327
16.1.10.2 Products offered 328
16.1.10.3 Recent developments 329
16.1.10.3.1 Product launches/developments 329
16.1.10.3.2 Deals 329
16.1.10.3.3 Expansion 330
16.1.11 TOSHIBA CORPORATION 331
16.1.11.1 Business overview 331
16.1.11.2 Products offered 332
16.1.11.3 Recent developments 333
16.1.11.3.1 Product launches/developments 333
16.1.11.3.2 Deals 334
16.1.12 MITSUBISHI CORPORATION 335
16.1.12.1 Business overview 335
16.1.12.2 Products offered 336
16.1.12.3 Recent developments 337
16.1.12.3.1 Product launches/developments 337
16.1.12.3.2 Deals 337
16.1.12.3.3 Expansion 338
16.1.12.3.4 Other developments 338
16.1.13 ENERSYS 339
16.1.13.1 Business overview 339
16.1.13.2 Products offered 340
16.1.13.3 Recent developments 341
16.1.13.3.1 Deals 341
16.1.13.3.2 Expansion 341
16.1.13.3.3 Other developments 341
16.2 OTHER PLAYERS 342
16.2.1 EXIDE INDUSTRIES LIMITED 342
16.2.2 E-ONE MOLI ENERGY CORP. 343
16.2.3 TARGRAY TECHNOLOGY INTERNATIONAL INC. 344
16.2.4 ALTAIR NANOTECHNOLOGIES INC. 345
16.2.5 CLARIOS 345
16.2.6 NORTHVOLT AB 346
16.2.7 LECLANCHE SA 347
16.2.8 ENVISION GROUP 348
16.2.9 A123 SYSTEMS (SUBSIDIARY OF WANXIANG GROUP) 349
16.2.10 GS YUASA INTERNATIONAL LTD. 350
16.2.11 AUTOMOTIVE ENERGY SUPPLY CORPORATION 351
16.2.12 REPT BATTERO ENERGY CO LTD. 352
16.2.13 AUTOMOTIVE CELLS COMPANY 353
16.2.14 BLUEOVAL SK 354
16.2.15 CELLFORCE GROUP GMBH 355
16.2.16 ULTIUM CELLS 356
16.2.17 ONE BATTERY 357
16.2.18 SILA NANOTECHNOLOGIES INC. 358
16.2.19 MORROW BATTERIES 359
17 RECOMMENDATIONS BY MARKETSANDMARKETS 360
17.1 ASIA PACIFIC TO LEAD MARKET FOR EV BATTERIES DURING FORECAST PERIOD 360
17.2 LITHIUM-ION BATTERIES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 360
17.3 PASSENGER CAR SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD 361
17.4 SOLID-STATE BATTERIES SEGMENT TO CREATE OPPORTUNITIES FOR BATTERY MANUFACTURERS 361
17.5 CONCLUSION 362
18 APPENDIX 363
18.1 INSIGHTS FROM INDUSTRY EXPERTS 363
18.2 DISCUSSION GUIDE 363
18.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL 367
18.4 CUSTOMIZATION OPTIONS 369
18.4.1 EV BATTERY MARKET, BY PROPULSION TYPE (COUNTRY LEVEL) 369
18.4.2 EV BATTERY MARKET, BY BATTERY CAPACITY (VEHICLE TYPE LEVEL) 369
18.4.3 COMPANY INFORMATION 369
18.4.3.1 Profiling of additional market players (up to five) 369
18.5 RELATED REPORTS 369
18.6 AUTHOR DETAILS 370
TABLE 1 EV BATTERY MARKET DEFINITION, BY BATTERY TYPE 29
TABLE 2 EV BATTERY MARKET DEFINITION, BY LITHIUM-ION BATTERY COMPONENT 30
TABLE 3 EV BATTERY MARKET DEFINITION, BY PROPULSION 30
TABLE 4 EV BATTERY MARKET DEFINITION, BY VEHICLE TYPE 31
TABLE 5 EV BATTERY MARKET DEFINITION, BY MATERIAL TYPE 31
TABLE 6 EV BATTERY MARKET DEFINITION, BY METHOD 32
TABLE 7 EV BATTERY MARKET DEFINITION, BY BATTERY FORM 32
TABLE 8 INCLUSIONS & EXCLUSIONS 33
TABLE 9 USD EXCHANGE RATES, 2019-2024 35
TABLE 10 ADVANCEMENTS IN BATTERY TECHNOLOGIES, 2023-2024 64
TABLE 11 REGULATIONS AND POLICIES FOR EVS, BY KEY COUNTRY 65
TABLE 12 CHARGING TIME OF EVS OPERATING IN US, BY CHARGER TYPE 66
TABLE 13 TOTAL EV CHARGING POINTS IN EMERGING COUNTRIES, 2024 70
TABLE 14 IMPACT OF MARKET DYNAMICS ON EV BATTERY MARKET 76
TABLE 15 AVERAGE SELLING PRICE OF KEY PLAYERS FOR PASSENGER CARS,
2024 (USD/KWH) 79
TABLE 16 AVERAGE SELLING PRICE, BY REGION, 2022-2024 (USD/KWH) 80
TABLE 17 ROLE OF PLAYERS IN ECOSYSTEM 82
TABLE 18 FUNDING, BY USE CASE, 2022-2024 86
TABLE 19 PATENTS GRANTED, 2022-2024 88
TABLE 20 IMPORT DATA FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY, 2019-2023 (USD MILLION) 94
TABLE 21 EXPORT DATA FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY, 2019-2023 (USD MILLION) 95
TABLE 22 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 96
TABLE 23 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 97
TABLE 24 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 98
TABLE 25 REGULATORY CHANGES, BY COUNTRY/REGION 99
TABLE 26 REGULATIONS/VOLUNTARY PROCEDURES FOR PERFORMANCE MEASUREMENT OF EV BATTERIES, BY KEY COUNTRY/REGION 100
TABLE 27 REGULATIONS/VOLUNTARY PROCEDURES FOR DURABILITY MEASUREMENT OF EV BATTERIES, BY KEY COUNTRY/REGION 100
TABLE 28 REGULATIONS/VOLUNTARY PROCEDURES TO ENSURE SAFETY OF EV BATTERIES, BY COUNTRY 101
TABLE 29 REGULATIONS/VOLUNTARY PROCEDURES FOR RECYCLING EV BATTERIES, BY KEY COUNTRY/REGION 101
TABLE 30 KEY CONFERENCES & EVENTS, 2025-2026 102
TABLE 31 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY VEHICLE TYPE (%) 103
TABLE 32 KEY BUYING CRITERIA, BY VEHICLE TYPE 104
TABLE 33 LITHIUM-ION BATTERY CELLS (CATHODE TYPE): OEMS AND KEY SUPPLIERS 107
TABLE 34 EV BATTERY SUPPLIERS, 2024-2026 107
TABLE 35 EV BATTERY MARKET, BY BATTERY TYPE, 2019-2023 (THOUSAND UNITS) 117
TABLE 36 EV BATTERY MARKET, BY BATTERY TYPE, 2024-2030 (THOUSAND UNITS) 118
TABLE 37 EV BATTERY MARKET, BY BATTERY TYPE, 2031-2035 (THOUSAND UNITS) 118
TABLE 38 TYPES OF BATTERIES USED IN CURRENT AND UPCOMING EV MODELS,
2025-2026 118
TABLE 39 LITHIUM-ION: EV BATTERY MARKET, BY REGION, 2019-2023 (THOUSAND UNITS) 120
TABLE 40 LITHIUM-ION: EV BATTERY MARKET, BY REGION, 2024-2030 (THOUSAND UNITS) 121
TABLE 41 LITHIUM-ION: EV BATTERY MARKET, BY REGION, 2031-2035 (THOUSAND UNITS) 121
TABLE 42 COMPARISON BETWEEN LITHIUM-ION BATTERY CHEMISTRIES 121
TABLE 43 LITHIUM IRON PHOSPHATE: EV BATTERY MARKET, BY REGION,
2019-2023 (THOUSAND UNITS) 123
TABLE 44 LITHIUM IRON PHOSPHATE: EV BATTERY MARKET, BY REGION,
2024-2030 (THOUSAND UNITS) 123
TABLE 45 LITHIUM IRON PHOSPHATE: EV BATTERY MARKET, BY REGION,
2031-2035 (THOUSAND UNITS) 123
TABLE 46 NICKEL MANGANESE COBALT: EV BATTERY MARKET, BY REGION,
2019-2023 (THOUSAND UNITS) 124
TABLE 47 NICKEL MANGANESE COBALT: EV BATTERY MARKET, BY REGION,
2024-2030 (THOUSAND UNITS) 125
TABLE 48 NICKEL MANGANESE COBALT: EV BATTERY MARKET, BY REGION,
2031-2035 (THOUSAND UNITS) 125
TABLE 49 LITHIUM IRON MANGANESE PHOSPHATE: EV BATTERY MARKET, BY REGION, 2019-2023 (THOUSAND UNITS) 126
TABLE 50 LITHIUM IRON MANGANESE PHOSPHATE: EV BATTERY MARKET, BY REGION, 2024-2030 (THOUSAND UNITS) 126
TABLE 51 LITHIUM IRON MANGANESE PHOSPHATE: EV BATTERY MARKET, BY REGION, 2031-2035 (THOUSAND UNITS) 126
TABLE 52 OTHERS: EV BATTERY MARKET, BY REGION, 2019-2023 (THOUSAND UNITS) 127
TABLE 53 OTHERS: EV BATTERY MARKET, BY REGION, 2024-2030 (THOUSAND UNITS) 127
TABLE 54 OTHERS: EV BATTERY MARKET, BY REGION, 2031-2035 (THOUSAND UNITS) 128
TABLE 55 NICKEL-METAL HYDRIDE: EV BATTERY MARKET, BY REGION,
2019-2023 (THOUSAND UNITS) 128
TABLE 56 NICKEL-METAL HYDRIDE: EV BATTERY MARKET, BY REGION,
2024-2030 (THOUSAND UNITS) 129
TABLE 57 NICKEL-METAL HYDRIDE: EV BATTERY MARKET, BY REGION,
2031-2035 (THOUSAND UNITS) 129
TABLE 58 SOLID-STATE: EV BATTERY MARKET, BY REGION, 2019-2023 (THOUSAND UNITS) 130
TABLE 59 SOLID-STATE: EV BATTERY MARKET, BY REGION, 2024-2030 (THOUSAND UNITS) 130
TABLE 60 SOLID-STATE: EV BATTERY MARKET, BY REGION, 2031-2035 (THOUSAND UNITS) 130
TABLE 61 OTHER BATTERY TYPES: EV BATTERY MARKET, BY REGION,
2019-2023 (THOUSAND UNITS) 131
TABLE 62 OTHER BATTERY TYPES: EV BATTERY MARKET, BY REGION,
2024-2030 (THOUSAND UNITS) 132
TABLE 63 OTHER BATTERY TYPES: EV BATTERY MARKET, BY REGION,
2031-2035 (THOUSAND UNITS) 132
TABLE 64 EV BATTERY MARKET, BY MATERIAL TYPE, 2019-2023 (USD MILLION) 135
TABLE 65 EV BATTERY MARKET, BY MATERIAL TYPE, 2024-2030 (USD MILLION) 135
TABLE 66 EV BATTERY MARKET, BY MATERIAL TYPE, 2031-2035 (USD MILLION) 135
TABLE 67 COBALT: EV BATTERY MARKET, BY REGION, 2019-2023 (USD MILLION) 136
TABLE 68 COBALT: EV BATTERY MARKET, BY REGION, 2024-2030 (USD MILLION) 136
TABLE 69 COBALT: EV BATTERY MARKET, BY REGION, 2031-2035 (USD MILLION) 137
TABLE 70 LITHIUM: EV BATTERY MARKET, BY REGION, 2019-2023 (USD MILLION) 137
TABLE 71 LITHIUM: EV BATTERY MARKET, BY REGION, 2024-2030 (USD MILLION) 138
TABLE 72 LITHIUM: EV BATTERY MARKET, BY REGION, 2031-2035 (USD MILLION) 138
TABLE 73 NATURAL GRAPHITE: EV BATTERY MARKET, BY REGION,
2019-2023 (USD MILLION) 139
TABLE 74 NATURAL GRAPHITE: EV BATTERY MARKET, BY REGION,
2024-2030 (USD MILLION) 139
TABLE 75 NATURAL GRAPHITE: EV BATTERY MARKET, BY REGION,
2031-2035 (USD MILLION) 139
TABLE 76 MANGANESE: EV BATTERY MARKET, BY REGION, 2019-2023 (USD MILLION) 140
TABLE 77 MANGANESE: EV BATTERY MARKET, BY REGION, 2024-2030 (USD MILLION) 140
TABLE 78 MANGANESE: EV BATTERY MARKET, BY REGION, 2031-2035 (USD MILLION) 140
TABLE 79 IRON: EV BATTERY MARKET, BY REGION, 2019-2023 (USD MILLION) 141
TABLE 80 IRON: EV BATTERY MARKET, BY REGION, 2024-2030 (USD MILLION) 141
TABLE 81 IRON: EV BATTERY MARKET, BY REGION, 2031-2035 (USD MILLION) 141
TABLE 82 PHOSPHATE: EV BATTERY MARKET, BY REGION, 2019-2023 (USD MILLION) 142
TABLE 83 PHOSPHATE: EV BATTERY MARKET, BY REGION, 2024-2030 (USD MILLION) 142
TABLE 84 PHOSPHATE: EV BATTERY MARKET, BY REGION, 2031-2035 (USD MILLION) 143
TABLE 85 NICKEL: EV BATTERY MARKET, BY REGION, 2019-2023 (USD MILLION) 143
TABLE 86 NICKEL: EV BATTERY MARKET, BY REGION, 2024-2030 (USD MILLION) 143
TABLE 87 NICKEL: EV BATTERY MARKET, BY REGION, 2031-2035 (USD MILLION) 144
TABLE 88 OTHER MATERIAL TYPES: EV BATTERY MARKET, BY REGION,
2019-2023 (USD MILLION) 144
TABLE 89 OTHER MATERIAL TYPES: EV BATTERY MARKET, BY REGION,
2024-2030 (USD MILLION) 145
TABLE 90 OTHER MATERIAL TYPES: EV BATTERY MARKET, BY REGION,
2031-2035 (USD MILLION) 145
TABLE 91 EV BATTERY MARKET, BY BATTERY FORM, 2019-2023 (THOUSAND UNITS) 147
TABLE 92 EV BATTERY MARKET, BY BATTERY FORM, 2024-2030 (THOUSAND UNITS) 148
TABLE 93 EV BATTERY MARKET, BY BATTERY FORM, 2031-2035 (THOUSAND UNITS) 148
TABLE 94 BATTERY FORMS USED IN EV MODELS, 2024-2026 148
TABLE 95 BATTERY FORMS: ADVANTAGES AND DISADVANTAGES 150
TABLE 96 PRISMATIC: EV BATTERY MARKET, BY REGION, 2019-2023 (THOUSAND UNITS) 151
TABLE 97 PRISMATIC: EV BATTERY MARKET, BY REGION, 2024-2030 (THOUSAND UNITS) 151
TABLE 98 PRISMATIC: EV BATTERY MARKET, BY REGION, 2031-2035 (THOUSAND UNITS) 151
TABLE 99 POUCH: EV BATTERY MARKET, BY REGION, 2019-2023 (THOUSAND UNITS) 152
TABLE 100 POUCH: EV BATTERY MARKET, BY REGION, 2024-2030 (THOUSAND UNITS) 153
TABLE 101 POUCH: EV BATTERY MARKET, BY REGION, 2031-2035 (THOUSAND UNITS) 153
TABLE 102 CYLINDRICAL: EV BATTERY MARKET, BY REGION, 2019-2023 (THOUSAND UNITS) 154
TABLE 103 CYLINDRICAL: EV BATTERY MARKET, BY REGION, 2024-2030 (THOUSAND UNITS) 154
TABLE 104 CYLINDRICAL: EV BATTERY MARKET, BY REGION, 2031-2035 (THOUSAND UNITS) 155
TABLE 105 EV BATTERY MARKET, BY PROPULSION, 2019-2023 (MWH) 157
TABLE 106 EV BATTERY MARKET, BY PROPULSION, 2024-2030 (MWH) 158
TABLE 107 EV BATTERY MARKET, BY PROPULSION, 2031-2035 (MWH) 158
TABLE 108 BEST-SELLING BEVS IN US, 2024 159
TABLE 109 BEV: EV BATTERY MARKET, BY REGION, 2019-2023 (THOUSAND UNITS) 159
TABLE 110 BEV: EV BATTERY MARKET, BY REGION, 2024-2030 (THOUSAND UNITS) 159
TABLE 111 BEV: EV BATTERY MARKET, BY REGION, 2031-2035 (THOUSAND UNITS) 160
TABLE 112 PHEV: EV BATTERY MARKET, BY REGION, 2019-2023 (THOUSAND UNITS) 160
TABLE 113 PHEV: EV BATTERY MARKET, BY REGION, 2024-2030 (THOUSAND UNITS) 161
TABLE 114 PHEV: EV BATTERY MARKET, BY REGION, 2031-2035 (THOUSAND UNITS) 161
TABLE 115 FCEV: EV BATTERY MARKET, BY REGION, 2019-2023 (THOUSAND UNITS) 162
TABLE 116 FCEV: EV BATTERY MARKET, BY REGION, 2024-2030 (THOUSAND UNITS) 162
TABLE 117 FCEV: EV BATTERY MARKET, BY REGION, 2031-2035 (THOUSAND UNITS) 162
TABLE 118 EV BATTERY MARKET, BY VEHICLE TYPE, 2019-2023 (MWH) 165
TABLE 119 EV BATTERY MARKET, BY VEHICLE TYPE, 2024-2030 (MWH) 166
TABLE 120 EV BATTERY MARKET, BY VEHICLE TYPE, 2031-2035 (MWH) 166
TABLE 121 EV BATTERY MARKET, BY VEHICLE TYPE, 2019-2023 (USD MILLION) 166
TABLE 122 EV BATTERY MARKET, BY VEHICLE TYPE, 2024-2030 (USD MILLION) 167
TABLE 123 EV BATTERY MARKET, BY VEHICLE TYPE, 2031-2035 (USD MILLION) 167
TABLE 124 UPCOMING EV MODELS, 2025-2026 168
TABLE 125 CURRENT AND UPCOMING EV MODELS, 2024-2025 169
TABLE 126 CURRENT AND UPCOMING ELECTRIC COMMERCIAL VEHICLES, 2023-2026 170
TABLE 127 PASSENGER CAR: EV BATTERY MARKET, BY REGION, 2019-2023 (MWH) 171
TABLE 128 PASSENGER CAR: EV BATTERY MARKET, BY REGION, 2024-2030 (MWH) 171
TABLE 129 PASSENGER CAR: EV BATTERY MARKET, BY REGION, 2031-2035 (MWH) 171
TABLE 130 PASSENGER CAR: EV BATTERY MARKET, BY REGION, 2019-2023 (USD MILLION) 172
TABLE 131 PASSENGER CAR: EV BATTERY MARKET, BY REGION, 2024-2030 (USD MILLION) 172
TABLE 132 PASSENGER CAR: EV BATTERY MARKET, BY REGION, 2031-2035 (USD MILLION) 172
TABLE 133 VAN/LIGHT TRUCK: EV BATTERY MARKET, BY REGION, 2019-2023 (MWH) 173
TABLE 134 VAN/LIGHT TRUCK: EV BATTERY MARKET, BY REGION, 2024-2030 (MWH) 173
TABLE 135 VAN/LIGHT TRUCK: EV BATTERY MARKET, BY REGION, 2031-2035 (MWH) 173
TABLE 136 VAN/LIGHT TRUCK: EV BATTERY MARKET, BY REGION, 2019-2023 (USD MILLION) 174
TABLE 137 VAN/LIGHT TRUCK: EV BATTERY MARKET, BY REGION, 2024-2030 (USD MILLION) 174
TABLE 138 VAN/LIGHT TRUCK: EV BATTERY MARKET, BY REGION, 2031-2035 (USD MILLION) 174
TABLE 139 MEDIUM & HEAVY TRUCK: EV BATTERY MARKET, BY REGION, 2019-2023 (MWH) 175
TABLE 140 MEDIUM & HEAVY TRUCK: EV BATTERY MARKET, BY REGION, 2024-2030 (MWH) 175
TABLE 141 MEDIUM & HEAVY TRUCK: EV BATTERY MARKET, BY REGION, 2031-2035 (MWH) 175
TABLE 142 MEDIUM & HEAVY TRUCK: EV BATTERY MARKET, BY REGION,
2019-2023 (USD MILLION) 176
TABLE 143 MEDIUM & HEAVY TRUCK: EV BATTERY MARKET, BY REGION,
2024-2030 (USD MILLION) 176
TABLE 144 MEDIUM & HEAVY TRUCK: EV BATTERY MARKET, BY REGION,
2031-2035 (USD MILLION) 176
TABLE 145 POPULAR ELECTRIC BUS MODELS 177
TABLE 146 BUS: EV BATTERY MARKET, BY REGION, 2019-2023 (MWH) 177
TABLE 147 BUS: EV BATTERY MARKET, BY REGION, 2024-2030 (MWH) 178
TABLE 148 BUS: EV BATTERY MARKET, BY REGION, 2031-2035 (MWH) 178
TABLE 149 BUS: EV BATTERY MARKET, BY REGION, 2019-2023 (USD MILLION) 178
TABLE 150 BUS: EV BATTERY MARKET, BY REGION, 2024-2030 (USD MILLION) 178
TABLE 151 BUS: EV BATTERY MARKET, BY REGION, 2031-2035 (USD MILLION) 179
TABLE 152 MAJOR ELECTRIC OFF-HIGHWAY VEHICLE MODELS 179
TABLE 153 OFF-HIGHWAY VEHICLE: EV BATTERY MARKET, BY REGION, 2019-2023 (MWH) 180
TABLE 154 OFF-HIGHWAY VEHICLE: EV BATTERY MARKET, BY REGION, 2024-2030 (MWH) 180
TABLE 155 OFF-HIGHWAY VEHICLE: EV BATTERY MARKET, BY REGION, 2031-2035 (MWH) 181
TABLE 156 OFF-HIGHWAY VEHICLE: EV BATTERY MARKET, BY REGION,
2019-2023 (USD MILLION) 181
TABLE 157 OFF-HIGHWAY VEHICLE: EV BATTERY MARKET, BY REGION,
2024-2030 (USD MILLION) 181
TABLE 158 OFF-HIGHWAY VEHICLE: EV BATTERY MARKET, BY REGION,
2031-2035 (USD MILLION) 181
TABLE 159 BATTERY CAPACITY OF POPULAR EV MODELS 184
TABLE 160 EV BATTERY MARKET, BY BATTERY CAPACITY, 2019-2023 (THOUSAND UNITS) 185
TABLE 161 EV BATTERY MARKET, BY BATTERY CAPACITY, 2024-2030 (THOUSAND UNITS) 185
TABLE 162 EV BATTERY MARKET, BY BATTERY CAPACITY, 2031-2035 (THOUSAND UNITS) 186
TABLE 163 < 50 KWH: EV BATTERY MARKET, BY REGION, 2019-2023 (THOUSAND UNITS) 186
TABLE 164 < 50 KWH: EV BATTERY MARKET, BY REGION, 2024-2030 (THOUSAND UNITS) 187
TABLE 165 < 50 KWH: EV BATTERY MARKET, BY REGION, 2031-2035 (THOUSAND UNITS) 187
TABLE 166 50-110 KWH: EV BATTERY MARKET, BY REGION, 2019-2023 (THOUSAND UNITS) 188
TABLE 167 50-110 KWH: EV BATTERY MARKET, BY REGION, 2024-2030 (THOUSAND UNITS) 188
TABLE 168 50-110 KWH: EV BATTERY MARKET, BY REGION, 2031-2035 (THOUSAND UNITS) 188
TABLE 169 111-200 KWH: EV BATTERY MARKET, BY REGION,
2019-2023 (THOUSAND UNITS) 189
TABLE 170 111-200 KWH: EV BATTERY MARKET, BY REGION,
2024-2030 (THOUSAND UNITS) 189
TABLE 171 111-200 KWH: EV BATTERY MARKET, BY REGION,
2031-2035 (THOUSAND UNITS) 189
TABLE 172 201-300 KWH: EV BATTERY MARKET, BY REGION, 2019-2023 (UNITS) 190
TABLE 173 201-300 KWH: EV BATTERY MARKET, BY REGION,
2024-2030 (THOUSAND UNITS) 190
TABLE 174 201-300 KWH: EV BATTERY MARKET, BY REGION,
2031-2035 (THOUSAND UNITS) 191
TABLE 175 > 301 KWH: EV BATTERY MARKET, BY REGION, 2019-2023 (UNITS) 191
TABLE 176 > 301 KWH: EV BATTERY MARKET, BY REGION, 2024-2030 (THOUSAND UNITS) 192
TABLE 177 > 301 KWH: EV BATTERY MARKET, BY REGION, 2031-2035 (THOUSAND UNITS) 192
TABLE 178 ELECTROLYTE SOLVENTS IN LITHIUM-ION BATTERIES 195
TABLE 179 COMMONLY USED LITHIUM-ION BATTERIES AND THEIR SPECIFICATIONS 196
TABLE 180 CATHODE MATERIAL SUPPLIERS FOR EV MODELS, 2023-2024 196
TABLE 181 ANODE MATERIAL SUPPLIERS FOR EV MODELS, 2023-2024 198
TABLE 182 EV BATTERY MARKET, BY REGION, 2019-2023 (MWH) 202
TABLE 183 EV BATTERY MARKET, BY REGION, 2024-2030 (MWH) 203
TABLE 184 EV BATTERY MARKET, BY REGION, 2031-2035 (MWH) 203
TABLE 185 EV BATTERY MARKET, BY REGION, 2019-2023 (USD MILLION) 203
TABLE 186 EV BATTERY MARKET, BY REGION, 2024-2030 (USD MILLION) 203
TABLE 187 EV BATTERY MARKET, BY REGION, 2031-2035 (USD MILLION) 204
TABLE 188 ASIA PACIFIC: EV BATTERY MARKET, BY COUNTRY, 2019-2023 (MWH) 207
TABLE 189 ASIA PACIFIC: EV BATTERY MARKET, BY COUNTRY, 2024-2030 (MWH) 208
TABLE 190 ASIA PACIFIC: EV BATTERY MARKET, BY COUNTRY, 2031-2035 (MWH) 208
TABLE 191 ASIA PACIFIC: EV BATTERY MARKET, BY COUNTRY, 2019-2023 (USD MILLION) 208
TABLE 192 ASIA PACIFIC: EV BATTERY MARKET, BY COUNTRY, 2024-2030 (USD MILLION) 208
TABLE 193 ASIA PACIFIC: EV BATTERY MARKET, BY COUNTRY, 2031-2035 (USD MILLION) 209
TABLE 194 CHINA: EV BATTERY MARKET, BY VEHICLE TYPE, 2019-2023 (MWH) 210
TABLE 195 CHINA: EV BATTERY MARKET, BY VEHICLE TYPE, 2024-2030 (MWH) 210
TABLE 196 CHINA: EV BATTERY MARKET, BY VEHICLE TYPE, 2031-2035 (MWH) 210
TABLE 197 CHINA: EV BATTERY MARKET, BY VEHICLE TYPE, 2019-2023 (USD MILLION) 211
TABLE 198 CHINA: EV BATTERY MARKET, BY VEHICLE TYPE, 2024-2030 (USD MILLION) 211
TABLE 199 CHINA: EV BATTERY MARKET, BY VEHICLE TYPE, 2031-2035 (USD MILLION) 211
TABLE 200 INDIA: EV BATTERY MARKET, BY VEHICLE TYPE, 2019-2023 (MWH) 212
TABLE 201 INDIA: EV BATTERY MARKET, BY VEHICLE TYPE, 2024-2030 (MWH) 212
TABLE 202 INDIA: EV BATTERY MARKET, BY VEHICLE TYPE, 2031-2035 (MWH) 213
TABLE 203 INDIA: EV BATTERY MARKET, BY VEHICLE TYPE, 2019-2023 (USD MILLION) 213
TABLE 204 INDIA: EV BATTERY MARKET, BY VEHICLE TYPE, 2024-2030 (USD MILLION) 213
TABLE 205 INDIA: EV BATTERY MARKET, BY VEHICLE TYPE, 2031-2035 (USD MILLION) 214
TABLE 206 JAPAN: EV BATTERY MARKET, BY VEHICLE TYPE, 2019-2023 (MWH) 214
TABLE 207 JAPAN: EV BATTERY MARKET, BY VEHICLE TYPE, 2024-2030 (MWH) 215
TABLE 208 JAPAN: EV BATTERY MARKET, BY VEHICLE TYPE, 2031-2035 (MWH) 215
TABLE 209 JAPAN: EV BATTERY MARKET, BY VEHICLE TYPE, 2019-2023 (USD MILLION) 215
TABLE 210 JAPAN: EV BATTERY MARKET, BY VEHICLE TYPE, 2024-2030 (USD MILLION) 216
TABLE 211 JAPAN: EV BATTERY MARKET, BY VEHICLE TYPE, 2031-2035 (USD MILLION) 216
TABLE 212 SOUTH KOREA: EV BATTERY MARKET, BY VEHICLE TYPE, 2019-2023 (MWH) 217
TABLE 213 SOUTH KOREA: EV BATTERY MARKET, BY VEHICLE TYPE, 2024-2030 (MWH) 217
TABLE 214 SOUTH KOREA: EV BATTERY MARKET, BY VEHICLE TYPE, 2031-2035 (MWH) 217
TABLE 215 SOUTH KOREA: EV BATTERY MARKET, BY VEHICLE TYPE,
2019-2023 (USD MILLION) 218
TABLE 216 SOUTH KOREA: EV BATTERY MARKET, BY VEHICLE TYPE,
2024-2030 (USD MILLION) 218
TABLE 217 SOUTH KOREA: EV BATTERY MARKET, BY VEHICLE TYPE,
2031-2035 (USD MILLION) 218
TABLE 218 EUROPE: EV BATTERY MARKET, BY COUNTRY, 2019-2023 (MWH) 222
TABLE 219 EUROPE: EV BATTERY MARKET, BY COUNTRY, 2024-2030 (MWH) 223
TABLE 220 EUROPE: EV BATTERY MARKET, BY COUNTRY, 2031-2035 (MWH) 223
TABLE 221 EUROPE: EV BATTERY MARKET, BY COUNTRY, 2019-2023 (USD MILLION) 223
TABLE 222 EUROPE: EV BATTERY MARKET, BY COUNTRY, 2024-2030 (USD MILLION) 224
TABLE 223 EUROPE: EV BATTERY MARKET, BY COUNTRY, 2031-2035 (USD MILLION) 224
TABLE 224 GERMANY: EV BATTERY MARKET, BY VEHICLE TYPE, 2019-2023 (MWH) 225
TABLE 225 GERMANY: EV BATTERY MARKET, BY VEHICLE TYPE, 2024-2030 (MWH) 225
TABLE 226 GERMANY: EV BATTERY MARKET, BY VEHICLE TYPE, 2031-2035 (MWH) 226
TABLE 227 GERMANY: EV BATTERY MARKET, BY VEHICLE TYPE, 2019-2023 (USD MILLION) 226
TABLE 228 GERMANY: EV BATTERY MARKET, BY VEHICLE TYPE, 2024-2030 (USD MILLION) 226
TABLE 229 GERMANY: EV BATTERY MARKET, BY VEHICLE TYPE, 2031-2035 (USD MILLION) 226
TABLE 230 FRANCE: EV BATTERY MARKET, BY VEHICLE TYPE, 2019-2023 (MWH) 227
TABLE 231 FRANCE: EV BATTERY MARKET, BY VEHICLE TYPE, 2024-2030 (MWH) 228
TABLE 232 FRANCE: EV BATTERY MARKET, BY VEHICLE TYPE, 2031-2035 (MWH) 228
TABLE 233 FRANCE: EV BATTERY MARKET, BY VEHICLE TYPE, 2019-2023 (USD MILLION) 228
TABLE 234 FRANCE: EV BATTERY MARKET, BY VEHICLE TYPE, 2024-2030 (USD MILLION) 229
TABLE 235 FRANCE: EV BATTERY MARKET, BY VEHICLE TYPE, 2031-2035 (USD MILLION) 229
TABLE 236 ITALY: EV BATTERY MARKET, BY VEHICLE TYPE, 2019-2023 (KWH) 230
TABLE 237 ITALY: EV BATTERY MARKET, BY VEHICLE TYPE, 2024-2030 (MWH) 230
TABLE 238 ITALY: EV BATTERY MARKET, BY VEHICLE TYPE, 2031-2035 (MWH) 230
TABLE 239 ITALY: EV BATTERY MARKET, BY VEHICLE TYPE, 2019-2023 (USD MILLION) 231
TABLE 240 ITALY: EV BATTERY MARKET, BY VEHICLE TYPE, 2024-2030 (USD MILLION) 231
TABLE 241 ITALY: EV BATTERY MARKET, BY VEHICLE TYPE, 2031-2035 (USD MILLION) 231
TABLE 242 UK: EV BATTERY MARKET, BY VEHICLE TYPE, 2019-2023 (MWH) 232
TABLE 243 UK: EV BATTERY MARKET, BY VEHICLE TYPE, 2024-2030 (MWH) 232
TABLE 244 UK: EV BATTERY MARKET, BY VEHICLE TYPE, 2031-2035 (MWH) 233
TABLE 245 UK: EV BATTERY MARKET, BY VEHICLE TYPE, 2019-2023 (USD MILLION) 233
TABLE 246 UK: EV BATTERY MARKET, BY VEHICLE TYPE, 2024-2030 (USD MILLION) 233
TABLE 247 UK: EV BATTERY MARKET, BY VEHICLE TYPE, 2031-2035 (USD MILLION) 233
TABLE 248 SPAIN: EV BATTERY MARKET, BY VEHICLE TYPE, 2019-2023 (KWH) 234
TABLE 249 SPAIN: EV BATTERY MARKET, BY VEHICLE TYPE, 2024-2030 (KWH) 235
TABLE 250 SPAIN: EV BATTERY MARKET, BY VEHICLE TYPE, 2031-2035 (MWH) 235
TABLE 251 SPAIN: EV BATTERY MARKET, BY VEHICLE TYPE, 2019-2023 (USD THOUSAND) 235
TABLE 252 SPAIN: EV BATTERY MARKET, BY VEHICLE TYPE, 2024-2030 (USD MILLION) 236
TABLE 253 SPAIN: EV BATTERY MARKET, BY VEHICLE TYPE, 2031-2035 (USD MILLION) 236
TABLE 254 NORWAY: EV BATTERY MARKET, BY VEHICLE TYPE, 2019-2023 (MWH) 237
TABLE 255 NORWAY: EV BATTERY MARKET, BY VEHICLE TYPE, 2024-2030 (MWH) 237
TABLE 256 NORWAY: EV BATTERY MARKET, BY VEHICLE TYPE, 2031-2035 (MWH) 237
TABLE 257 NORWAY: EV BATTERY MARKET, BY VEHICLE TYPE, 2019-2023 (USD MILLION) 238
TABLE 258 NORWAY: EV BATTERY MARKET, BY VEHICLE TYPE, 2024-2030 (USD MILLION) 238
TABLE 259 NORWAY: EV BATTERY MARKET, BY VEHICLE TYPE, 2031-2035 (USD MILLION) 238
TABLE 260 SWEDEN: EV BATTERY MARKET, BY VEHICLE TYPE, 2019-2023 (KWH) 239
TABLE 261 SWEDEN: EV BATTERY MARKET, BY VEHICLE TYPE, 2024-2030 (MWH) 239
TABLE 262 SWEDEN: EV BATTERY MARKET, BY VEHICLE TYPE, 2031-2035 (MWH) 240
TABLE 263 SWEDEN: EV BATTERY MARKET, BY VEHICLE TYPE, 2019-2023 (USD THOUSAND) 240
TABLE 264 SWEDEN: EV BATTERY MARKET, BY VEHICLE TYPE, 2024-2030 (USD MILLION) 240
TABLE 265 SWEDEN: EV BATTERY MARKET, BY VEHICLE TYPE, 2031-2035 (USD MILLION) 241
TABLE 266 DENMARK: EV BATTERY MARKET, BY VEHICLE TYPE, 2019-2023 (KWH) 241
TABLE 267 DENMARK: EV BATTERY MARKET, BY VEHICLE TYPE, 2024-2030 (MWH) 242
TABLE 268 DENMARK: EV BATTERY MARKET, BY VEHICLE TYPE, 2031-2035 (MWH) 242
TABLE 269 DENMARK: EV BATTERY MARKET, BY VEHICLE TYPE, 2019-2023 (USD MILLION) 242
TABLE 270 DENMARK: EV BATTERY MARKET, BY VEHICLE TYPE, 2024-2030 (USD MILLION) 243
TABLE 271 DENMARK: EV BATTERY MARKET, BY VEHICLE TYPE, 2031-2035 (USD MILLION) 243
TABLE 272 NORTH AMERICA: EV BATTERY MARKET, BY COUNTRY, 2019-2023 (MWH) 247
TABLE 273 NORTH AMERICA: EV BATTERY MARKET, BY COUNTRY, 2024-2030 (MWH) 247
TABLE 274 NORTH AMERICA: EV BATTERY MARKET, BY COUNTRY, 2031-2035 (MWH) 247
TABLE 275 NORTH AMERICA: EV BATTERY MARKET, BY COUNTRY, 2019-2023 (USD MILLION) 247
TABLE 276 NORTH AMERICA: EV BATTERY MARKET, BY COUNTRY, 2024-2030 (USD MILLION) 247
TABLE 277 NORTH AMERICA: EV BATTERY MARKET, BY COUNTRY, 2031-2035 (USD MILLION) 248
TABLE 278 US: EV BATTERY MARKET, BY VEHICLE TYPE, 2019-2023 (MWH) 248
TABLE 279 US: EV BATTERY MARKET, BY VEHICLE TYPE, 2024-2030 (MWH) 249
TABLE 280 US: EV BATTERY MARKET, BY VEHICLE TYPE, 2031-2035 (MWH) 249
TABLE 281 US: EV BATTERY MARKET, BY VEHICLE TYPE, 2019-2023 (USD MILLION) 249
TABLE 282 US: EV BATTERY MARKET, BY VEHICLE TYPE, 2024-2030 (USD MILLION) 250
TABLE 283 US: EV BATTERY MARKET, BY VEHICLE TYPE, 2031-2035 (USD MILLION) 250
TABLE 284 CANADA: EV BATTERY MARKET, BY VEHICLE TYPE, 2019-2023 (MWH) 251
TABLE 285 CANADA: EV BATTERY MARKET, BY VEHICLE TYPE, 2024-2030 (MWH) 251
TABLE 286 CANADA: EV BATTERY MARKET, BY VEHICLE TYPE, 2031-2035 (MWH) 251
TABLE 287 CANADA: EV BATTERY MARKET, BY VEHICLE TYPE, 2019-2023 (USD MILLION) 252
TABLE 288 CANADA: EV BATTERY MARKET, BY VEHICLE TYPE, 2024-2030 (USD MILLION) 252
TABLE 289 CANADA: EV BATTERY MARKET, BY VEHICLE TYPE, 2031-2035 (USD MILLION) 252
TABLE 290 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022-2024 253
TABLE 291 EV BATTERY MARKET SHARE ANALYSIS, 2024 257
TABLE 292 EV BATTERY MARKET SHARE TREND ANALYSIS, 2022-2024 258
TABLE 293 EV BATTERY MARKET: REGION FOOTPRINT 264
TABLE 294 EV BATTERY MARKET: BATTERY FORM FOOTPRINT 265
TABLE 295 EV BATTERY MARKET: BATTERY TYPE FOOTPRINT 266
TABLE 296 EV BATTERY MARKET: PROPULSION FOOTPRINT 267
TABLE 297 EV BATTERY MARKET: LIST OF STARTUPS/SMES 269
TABLE 298 EV BATTERY MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES (1/2) 270
TABLE 299 EV BATTERY MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES (2/2) 270
TABLE 300 EV BATTERY MARKET: PRODUCT LAUNCHES/DEVELOPMENTS,
MARCH 2020-DECEMBER 2024 271
TABLE 301 EV BATTERY MARKET: DEALS, MARCH 2020-DECEMBER 2024 272
TABLE 302 EV BATTERY MARKET: EXPANSION, MARCH 2020-DECEMBER 2024 274
TABLE 303 EV BATTERY MARKET: OTHER DEVELOPMENTS, MARCH 2020-DECEMBER 2024 275
TABLE 304 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: COMPANY OVERVIEW 277
TABLE 305 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: PRODUCTS OFFERED 278
TABLE 306 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: PRODUCT LAUNCHES/DEVELOPMENTS 279
TABLE 307 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: DEALS 280
TABLE 308 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: OTHER DEVELOPMENTS 284
TABLE 309 BYD COMPANY LTD.: COMPANY OVERVIEW 286
TABLE 310 BYD COMPANY LTD.: PRODUCTS OFFERED 287
TABLE 311 BYD COMPANY LTD.: PRODUCT LAUNCHES/DEVELOPMENTS 288
TABLE 312 BYD COMPANY LTD.: DEALS 288
TABLE 313 BYD COMPANY LTD.: EXPANSION 289
TABLE 314 BYD COMPANY LTD.: OTHER DEVELOPMENTS 290
TABLE 315 LG ENERGY SOLUTION: COMPANY OVERVIEW 291
TABLE 316 LG ENERGY SOLUTION: R&D OVERVIEW 291
TABLE 317 LG ENERGY SOLUTION: PRODUCTS OFFERED 292
TABLE 318 LG ENERGY SOLUTION: DEALS 293
TABLE 319 LG ENERGY SOLUTION: EXPANSION 295
TABLE 320 LG ENERGY SOLUTION: OTHER DEVELOPMENTS 295
TABLE 321 CALB: COMPANY OVERVIEW 297
TABLE 322 CALB: PRODUCTS OFFERED 298
TABLE 323 CALB: PRODUCT LAUNCHES/DEVELOPMENTS 299
TABLE 324 CALB: DEALS 299
TABLE 325 CALB: OTHER DEVELOPMENTS 300
TABLE 326 SK INNOVATION CO. LTD.: COMPANY OVERVIEW 301
TABLE 327 SK INNOVATION CO. LTD.: PRODUCTS OFFERED 302
TABLE 328 SK INNOVATION CO. LTD.: PRODUCT LAUNCHES/DEVELOPMENTS 303
TABLE 329 SK INNOVATION CO. LTD.: DEALS 304
TABLE 330 SK INNOVATION CO. LTD.: OTHER DEVELOPMENTS 305
TABLE 331 PANASONIC HOLDINGS CORPORATION: COMPANY OVERVIEW 307
TABLE 332 PANASONIC HOLDINGS CORPORATION: PRODUCTS OFFERED 308
TABLE 333 PANASONIC HOLDINGS CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS 309
TABLE 334 PANASONIC HOLDINGS CORPORATION: DEALS 310
TABLE 335 PANASONIC HOLDINGS CORPORATION: EXPANSION 311
TABLE 336 PANASONIC HOLDINGS CORPORATION: OTHER DEVELOPMENTS 312
TABLE 337 SAMSUNG SDI: COMPANY OVERVIEW 313
TABLE 338 SAMSUNG SDI: PRODUCTS OFFERED 314
TABLE 339 SAMSUNG SDI: PRODUCT LAUNCHES/DEVELOPMENTS 315
TABLE 340 SAMSUNG SDI: DEALS 315
TABLE 341 SAMSUNG SDI: EXPANSION 316
TABLE 342 SAMSUNG SDI: OTHER DEVELOPMENTS 317
TABLE 343 GOTION: COMPANY OVERVIEW 318
TABLE 344 GOTION: PRODUCTS OFFERED 319
TABLE 345 GOTION: PRODUCT LAUNCHES/DEVELOPMENTS 320
TABLE 346 GOTION: DEALS 320
TABLE 347 GOTION: EXPANSION 321
TABLE 348 SUNWODA ELECTRONIC CO., LTD.: COMPANY OVERVIEW 322
TABLE 349 SUNWODA ELECTRONIC CO., LTD.: PRODUCTS OFFERED 323
TABLE 350 SUNWODA ELECTRONIC CO., LTD.: DEALS 324
TABLE 351 SUNWODA ELECTRONIC CO., LTD.: EXPANSION 325
TABLE 352 SUNWODA ELECTRONIC CO., LTD.: OTHER DEVELOPMENTS 326
TABLE 353 FARASIS ENERGY (GANZHOU) CO., LTD.: COMPANY OVERVIEW 327
TABLE 354 FARASIS ENERGY (GANZHOU) CO., LTD.: PRODUCTS OFFERED 328
TABLE 355 FARASIS ENERGY (GANZHOU) CO., LTD.: PRODUCT LAUNCHES/DEVELOPMENTS 329
TABLE 356 FARASIS ENERGY (GANZHOU) CO., LTD.: DEALS 329
TABLE 357 FARASIS ENERGY (GANZHOU) CO., LTD.: EXPANSION 330
TABLE 358 TOSHIBA CORPORATION: COMPANY OVERVIEW 331
TABLE 359 TOSHIBA CORPORATION: PRODUCTS OFFERED 332
TABLE 360 TOSHIBA CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS 333
TABLE 361 TOSHIBA CORPORATION: DEALS 334
TABLE 362 MITSUBISHI CORPORATION: COMPANY OVERVIEW 335
TABLE 363 MITSUBISHI CORPORATION: PRODUCTS OFFERED 336
TABLE 364 MITSUBISHI CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS 337
TABLE 365 MITSUBISHI CORPORATION: DEALS 337
TABLE 366 MITSUBISHI CORPORATION: EXPANSION 338
TABLE 367 MITSUBISHI CORPORATION: OTHER DEVELOPMENTS 338
TABLE 368 ENERSYS: COMPANY OVERVIEW 339
TABLE 369 ENERSYS: PRODUCTS OFFERED 340
TABLE 370 ENERSYS: DEALS 341
TABLE 371 ENERSYS: EXPANSION 341
TABLE 372 ENERSYS: OTHER DEVELOPMENTS 341
TABLE 373 EXIDE INDUSTRIES LIMITED: COMPANY OVERVIEW 342
TABLE 374 E-ONE MOLI ENERGY CORP: COMPANY OVERVIEW 343
TABLE 375 TARGRAY TECHNOLOGY INTERNATIONAL INC.: COMPANY OVERVIEW 344
TABLE 376 ALTAIR NANOTECHNOLOGIES INC.: COMPANY OVERVIEW 345
TABLE 377 CLARIOS: COMPANY OVERVIEW 345
TABLE 378 NORTHVOLT AB: COMPANY OVERVIEW 346
TABLE 379 LECLANCHE SA: COMPANY OVERVIEW 347
TABLE 380 ENVISION GROUP: COMPANY OVERVIEW 348
TABLE 381 A123 SYSTEMS: COMPANY OVERVIEW 349
TABLE 382 GS YUASA INTERNATIONAL LTD.: COMPANY OVERVIEW 350
TABLE 383 AUTOMOTIVE ENERGY SUPPLY CORPORATION: COMPANY OVERVIEW 351
TABLE 384 REPT BATTERO ENERGY CO LTD.: COMPANY OVERVIEW 352
TABLE 385 AUTOMOTIVE CELLS COMPANY: COMPANY OVERVIEW 353
TABLE 386 BLUEOVAL SK: COMPANY OVERVIEW 354
TABLE 387 CELLFORCE GROUP GMBH: COMPANY OVERVIEW 355
TABLE 388 ULTIUM CELLS: COMPANY OVERVIEW 356
TABLE 389 ONE BATTERY: COMPANY OVERVIEW 357
TABLE 390 SILA NANOTECHNOLOGIES INC.: COMPANY OVERVIEW 358
TABLE 391 MORROW BATTERIES: COMPANY OVERVIEW 359
FIGURE 1 RESEARCH DESIGN 37
FIGURE 2 RESEARCH DESIGN MODEL 38
FIGURE 3 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 44
FIGURE 4 BOTTOM-UP APPROACH 45
FIGURE 5 TOP-DOWN APPROACH 46
FIGURE 6 DATA TRIANGULATION 47
FIGURE 7 GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS 48
FIGURE 8 DEMAND- AND SUPPLY-SIDE FACTORS IMPACTING OVERALL MARKET 49
FIGURE 9 EV BATTERY MARKET OVERVIEW 54
FIGURE 10 ASIA PACIFIC TO LEAD MARKET DURING FORECAST PERIOD 55
FIGURE 11 LITHIUM-ION SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 55
FIGURE 12 ADVANCEMENTS IN LITHIUM-ION AND SOLID-STATE BATTERY TECHNOLOGIES TO DRIVE MARKET 57
FIGURE 13 ASIA PACIFIC TO BE LARGEST MARKET IN 2024 58
FIGURE 14 50-110 KWH SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 58
FIGURE 15 PRISMATIC SEGMENT TO ACCOUNT FOR LARGEST SHARE BY 2035 59
FIGURE 16 LITHIUM-ION SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 59
FIGURE 17 IRON SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 60
FIGURE 18 BEV SEGMENT TO ACCOUNT FOR LARGEST SHARE BY 2035 60
FIGURE 19 PASSENGER CAR SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 61
FIGURE 20 EV BATTERY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 62
FIGURE 21 EV SALES, BY KEY COUNTRY, 2021-2023 (USD MILLION) 63
FIGURE 22 PRICE TREND OF EV BATTERIES, 2020-2030 (USD/KWH) 67
FIGURE 23 CHINA'S CONTRIBUTION IN PRODUCTION AND PROCESSING OF CRITICAL MINERALS, 2023 68
FIGURE 24 GLOBAL COBALT RESERVES, 2024 69
FIGURE 25 GLOBAL LITHIUM RESERVES, 2024 69
FIGURE 26 BATTERY AS A SERVICE (BAAS) BUSINESS MODEL 71
FIGURE 27 ADVANTAGES OF SOLID-STATE BATTERIES 72
FIGURE 28 SPARKION'S ENERGY STORAGE SYSTEM (ESS) WORKFLOW 73
FIGURE 29 LITHIUM-ION: DEMAND AND SUPPLY ANALYSIS, 2022-2030 (KILOTONS) 74
FIGURE 30 PRICE AND RANGE COMPARISON BETWEEN BMW I5 (EV)
AND BMW 5 SERIES (ICE) 75
FIGURE 31 TRENDS & DISRUPTIONS IMPACTING CUSTOMER BUSINESS 77
FIGURE 32 COST STRUCTURE OF LITHIUM-ION BATTERIES, 2024 78
FIGURE 33 AVERAGE SELLING PRICE OF KEY PLAYERS FOR PASSENGER CARS,
2024 (USD/KWH) 79
FIGURE 34 AVERAGE SELLING PRICE TREND, BY REGION, 2022-2024 (USD/KWH) 80
FIGURE 35 ECOSYSTEM ANALYSIS 81
FIGURE 36 EV BATTERY MARKET: VALUE CHAIN ANALYSIS 83
FIGURE 37 INVESTMENT AND FUNDING SCENARIO, 2022-2024 (USD BILLION) 86
FIGURE 38 PATENT ANALYSIS, 2015-2024 87
FIGURE 39 CATL'S THIRD-GENERATION CTP TECHNOLOGY 92
FIGURE 40 ILLUSTRATION OF CELL-TO-CHASSIS APPROACH BY RWTH AACHEN UNIVERSITY 93
FIGURE 41 IMPORT DATA FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY, 2019-2023 (USD MILLION) 94
FIGURE 42 EXPORT DATA FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY, 2019-2023 (USD MILLION) 95
FIGURE 43 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY VEHICLE TYPE 103
FIGURE 44 KEY BUYING CRITERIA, BY VEHICLE TYPE 104
FIGURE 45 INVESTMENT ANNOUNCEMENTS BY BATTERY MANUFACTURERS/OEMS 106
FIGURE 46 LITHIUM-ION SEGMENT TO ACCOUNT FOR LARGEST MARKET DURING FORECAST PERIOD 117
FIGURE 47 EVS EQUIPPED WITH LITHIUM-ION BATTERIES 120
FIGURE 48 LITHIUM-ION BATTERY CELL SPECIFICATIONS 120
FIGURE 49 COMPARISON BETWEEN LFP AND LITHIUM-ION BATTERIES 122
FIGURE 50 COMPARISON BETWEEN LFP AND NCA/NMC BATTERY CHEMISTRIES 124
FIGURE 51 LITHIUM-ION: COMPARISON BETWEEN WH/KG AND WH/L 126
FIGURE 52 FEATURES AND ADVANTAGES OF SODIUM-ION BATTERIES 131
FIGURE 53 IRON SEGMENT TO ACCOUNT FOR LARGEST MARKET BY 2035 134
FIGURE 54 PRISMATIC SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD 147
FIGURE 55 EV BATTERY FORMS: SPECIFICATIONS 149
FIGURE 56 PRISMATIC BATTERY CELL SPECIFICATIONS 150
FIGURE 57 POUCH BATTERY CELL SPECIFICATIONS 152
FIGURE 58 CYLINDRICAL BATTERY CELL SPECIFICATIONS 154
FIGURE 59 BEV SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 157
FIGURE 60 PASSENGER CAR SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 165
FIGURE 61 > 300 KWH SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 185
FIGURE 62 WORKING PRINCIPLE OF BONDING METHODS IN BATTERY CELL 193
FIGURE 63 LITHIUM-ION BATTERY SPECIFICATIONS 198
FIGURE 64 EV BATTERY MARKET, BY REGION, 2024 VS. 2035 (MWH) 202
FIGURE 65 ASIA PACIFIC: REAL GDP GROWTH RATE, BY COUNTRY, 2024-2026 205
FIGURE 66 ASIA PACIFIC: GDP PER CAPITA, BY COUNTRY, 2024-2026 205
FIGURE 67 ASIA PACIFIC: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY,
2024-2026 206
FIGURE 68 ASIA PACIFIC: MANUFACTURING INDUSTRY'S CONTRIBUTION TO GDP, 2024 206
FIGURE 69 ASIA PACIFIC: EV BATTERY MARKET SNAPSHOT 207
FIGURE 70 EUROPE: REAL GDP GROWTH RATE, BY COUNTRY, 2024-2026 220
FIGURE 71 EUROPE: GDP PER CAPITA, BY COUNTRY, 2024-2026 220
FIGURE 72 EUROPE: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY,
2024-2026 221
FIGURE 73 EUROPE: MANUFACTURING INDUSTRY'S CONTRIBUTION TO GDP, 2024 221
FIGURE 74 EUROPE: EV BATTERY MARKET, BY COUNTRY, 2024 VS. 2035 (USD MILLION) 222
FIGURE 75 NORTH AMERICA: REAL GDP GROWTH RATE, BY COUNTRY, 2024-2026 245
FIGURE 76 NORTH AMERICA: GDP PER CAPITA, BY COUNTRY, 2024-2026 245
FIGURE 77 NORTH AMERICA: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY, 2024-2026 245
FIGURE 78 NORTH AMERICA: MANUFACTURING INDUSTRY'S CONTRIBUTION TO GDP, 2024 246
FIGURE 79 NORTH AMERICA: EV BATTERY MARKET SNAPSHOT 246
FIGURE 80 REVENUE ANALYSIS, 2019-2023 (USD BILLION) 255
FIGURE 81 EV BATTERY MARKET SHARE ANALYSIS, 2024 256
FIGURE 82 COMPANY VALUATION OF KEY PLAYERS 259
FIGURE 83 FINANCIAL METRICS OF KEY PLAYERS 259
FIGURE 84 BRAND/PRODUCT COMPARISON 260
FIGURE 85 EV BATTERY MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024 262
FIGURE 86 EV BATTERY MARKET: COMPANY FOOTPRINT 263
FIGURE 87 EV BATTERY MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024 268
FIGURE 88 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: COMPANY SNAPSHOT 278
FIGURE 89 BYD COMPANY LTD.: COMPANY SNAPSHOT 287
FIGURE 90 LG ENERGY SOLUTION: COMPANY SNAPSHOT 292
FIGURE 91 CALB: COMPANY SNAPSHOT 298
FIGURE 92 SK INNOVATION CO. LTD.: COMPANY SNAPSHOT 302
FIGURE 93 PANASONIC HOLDINGS CORPORATION: COMPANY SNAPSHOT 308
FIGURE 94 SAMSUNG SDI: COMPANY SNAPSHOT 314
FIGURE 95 GOTION: COMPANY SNAPSHOT 319
FIGURE 96 SUNWODA ELECTRONIC CO., LTD.: COMPANY SNAPSHOT 323
FIGURE 97 FARASIS ENERGY (GANZHOU) CO., LTD.: COMPANY SNAPSHOT 328
FIGURE 98 TOSHIBA CORPORATION: COMPANY SNAPSHOT 332
FIGURE 99 MITSUBISHI CORPORATION: COMPANY SNAPSHOT 336
FIGURE 100 ENERSYS: COMPANY SNAPSHOT 340
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