China Electric Vehicle Battery Market Growth, Size, Share, Industry Report and Forecast 2019-2025


Posted May 23, 2020 by mansi3210

China Electric Vehicle Battery Market Size, Share & Trends Analysis Report by Battery Type , By Vehicle Type by Propulsion Technology and Forecast 2019-2025
 
China's electric vehicle battery market is estimated to grow at a CAGR of over 9.0% during the forecast period. The cohesive government programs and initiatives to fuel the sale and manufacturing of electric vehicle in China is a major factor that is generating the demand for electric vehicle battery market in the country. China is one of the members of the EV30@30 campaign that aims to accelerate the deployment of electric vehicle in the country. In 2018, China set a target in which the country planned that electric cars and plug-in hybrids vehicles to account for at least 20% of its total vehicle sales by 2025.

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The market is segmented on the basis of battery type vehicle type, and propulsion technology. Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. Based on battery type Li-ion is anticipated to hold a considerable market share during the forecast period. Based on vehicle type, the market is sub-segmented into commercial vehicles, passenger cars, and two-wheeler. Based on propulsion technology the market is sub-segmented into battery electric vehicle, plug-in hybrid electric vehicle.

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China Electric Vehicle Battery Market Segmentation

By Battery Type

• NiMH
• Li-Ion
• Others
By Vehicle Type

• Commercial Vehicles
• Passenger Cars
• Two-Wheelers

By Propulsion Technology

• Battery Electric Vehicles
• Plug-in Hybrid Electric Vehicle

Company Profiles

• BYD Co. Ltd.
• Contemporary Amperex Technology Co., Ltd.
• Hitachi, Ltd.
• LG Chem Ltd.
• Narada Power Source Co., Ltd.
• NEC Corp.
• Panasonic Corp.
• Samsung SDI Co., Ltd.
• Shenzhen BAK Technology Co. Ltd
• SK Innovation Co. Ltd.
• Zibo Torch Energy Co., Ltd.

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Categories Business , Electronics , Manufacturing
Tags electrical vehicles , market analysis , market forecast , market research
Last Updated May 23, 2020