Illinois News Desk

Key contents of the Global Electric Vehicle Battery Market report include

• Market size & Forecast segmented by region, Battery pack size, Sub-component and OEM
• Technology trends in EV Battery, average B-2-B price by region
• Important technology developments
• OE-supplier alignment, by region
• Competitive landscape, market share and growth strategy of leading vendors

KEY FINDINGS

1. The global electric vehicle battery deployment was 108 GWh in 2019 and will rise to 434 GWh in 2025. China is the global leader followed by Europe and USA. This trend will carry on till 2025
2. The market growth will be dependent on EV consumer adoption across both passenger vehicles and commercial vehicles. BEVs will be the growth driver as they have larger battery packs but PHEV adoption will grow at the highest rate in Europe
3. In China, Despite COVID-19, in May 2020, VW has gone ahead with its $2.3 Billion deal to buy 50% stake in JAC(domestic OEM) and 26.5% stake in EV battery maker Guoxuan High-tech. This shows that the #1 Foreign OEM in China is willing to make serious long term commitment to Chinese EV market 
4. In US, Tesla accounted for 80% of batteries in GWh used in EVs in 2019. Li ion NCA (Nickel Cobalt Aluminium) chemistry is used with research on decreasing the amount of Cobalt used. Since Tesla deploys bigger battery packs than average and were also responsible for 60% of the electric vehicle sales they held 80% of the batteries deployed in terms of capacity
5. In Europe, the suppliers include CATL,BYD,LG Chem, Samsung SDI, SK Innovation, Farasis and NorthVolt. All of them are establishing factories in various parts of Europe to supply to all the OEMs conveniently and without delays
6. In Commercial vehicles, electric vans in Europe and Electric buses in China are the biggest volume drivers. Vans comprise almost 90% of Europe`s LCV market (2.2 Million units per annum), highest globally and Electric van share in 2019 was just 1%. In China Electric bus share in new car sales was 15% in 2019

Download sample-   http://bit.ly/evbaty

GLOBAL ELECTRIC VEHICLE BATTERY MARKET TRENDS

• The battery manufacturers have set up joint ventures with various OEMs and other firms to supply batteries for automobiles and also for battery recycling to be used later after refurbishing. CATL, Panasonic have tie ups with Tesla, Changan and other OEMs. BYD has its own battery manufacturing unit to supply to their own vehicles and also to supply to other OEMs
• Battery plants being set up close to the automobile plant is the current trend. Li ion batteries will be used for the next decade as no other technology is mature yet. Batteries with increased energy density is also on the rise. OEMs will also look into developing their own battery manufacturing plants.

• Suppliers will look to establish a robust supply chain with increased manufacturing to decease the unit price Concerns regarding origin of raw material will also have to be addressed by the suppliers thereby bringing about transparency in the supply chain

• The price of the Li and Carbon have increased over the last 10 years. The battery pricing is subject to the raw material supply too. If the raw material supply reaches bottleneck and cannot keep up with the demand the battery prices will rise disrupting the industry

• Current growth is in NMC technology which is growing market share among EV batteries. This isn’t as mature as the lead acid battery market and is currently subject to changes as development takes place

Download sample-    http://bit.ly/evbaty

COMPANY PROFILES

1. LG Chem, Ltd
2. Contemporary Amperex Technology Co. Ltd (CATL)
3. BYD Company Limited
4. SK Innovation Co., Ltd
5. Panasonic Corporation
6. Microvast Power Systems Co. Ltd
7. Envision Group
8. Automotive Energy Supply Corporation
9. Funeng Industrial (Ganzhou) Co., Ltd
10. Tianjin Lishen Battery Joint-Stock Co., Ltd
11. Samsung SDI Co., Ltd
12. Guoxuan High-Tech Co., Ltd

THIS ELECTRIC VEHICLE BATTERY MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. Electric Vehicle battery Market size and Forecast (kWh and $Million), by region, by vehicle type and vehicle segment
2. Average B-2-B price for Electric Vehicle battery market, by region, by vehicle type
3. Technology trends and related opportunity for EV battery manufacturers
4. Electric Vehicle battery market share of leading vendors, by region, by product segment
5. OE-supplier alignment in Electric Vehicle Battery Market, by region

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