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Global Automotive Battery Market Insight January 26, 2022 Comments

Global Automotive Battery Market has witnessed growing treads over the five years. According to the World Knowledge Information (WKI)Global Automotive Battery Market Report 2021, Forecast to 2026. The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 10.5% base on WKI regression analysis model.
Analysts’ Viewpoint:
“With countries around the world gradually use laws to restrict the sales of fuel vehicles, all countries are committed to achieving their own carbon neutral goals through their own efforts. Under such circumstances, new energy vehicles powered by batteries have unprecedented opportunities. Car batteries also usher in greater opportunities.”said Wikky, Senior analyst, Global Automobile Industry Market Research Center in WKI. However, when Automotive Battery market participants are pursuing market share, they also need to consider price and environmental protection to adapt to the rapid development of the market.
Market Insight:
According to WKI Global Automotive Battery Market Research Report:The electric carmaker, which is run by billionaire Elon Musk, is building a $2bn (£1.5bn) factory in the eastern city of Shanghai.Tesla plans to build at least 1,000 of its Model 3 each week in the Chinese factory, which could be up and running within weeks.The new factory will give Tesla access to China, which is the world’s biggest car market. has officially announced today a groundbreaking upcoming battery option for its electric cars – 150 kWh battery packs, consisting of ultra-high energy density solid-state cells.It’s not yet available, but the Chinese company is confident that it will start customer deliveries of those new 150 kWh packs from the fourth quarter of 2022 – that’s almost two years from now.NIO first started with a 70 kWh battery in 2018, then introduced 84 kWh in 2019 and most recently 100 kWh versions in late 2020. A cool thing is that those batteries were upgradable so the old cars could be equipped with higher capacity batteries.Under such circumstances,Under such development conditions, higher energy density batteries and more Automotive Battery manufacturers are challenging traditional car companies.
Competition Landscape:
The global Automotive Battery industry can be divided into Lead-acid battery and Lithium Cell by battery type.Divided by enterprise, the major companies profiles in the automotive battery market share include Contemporary Amperex Technology,Samsung SD, Exide, Panasonic, Prologium and LG.Moreover, the Lithium Cell giant also occupies a huge share of the Automotive Battery market. With the continuous increase in sales of new energy vehicles, Automotive Battery companies have accelerated the construction of Automotive Battery production lines.
Segmentation of Automotive Battery Market:
The global Automotive Battery market is segmented on the basis of materials. By materials, it is divided into Lead-acid battery and Lithium Cell.Lithium Cell has an absolute advantage in new energy vehicle batteries.Batteries for electric vehicles are characterized by their relatively high power-to-weight ratio, specific energy and energy density; smaller and lighter batteries are desirable. because they reduce the weight of the vehicle and therefore improve its performance. However, the disadvantage of lithium batteries is their low energy density, so the general direction of future batteries is Solid-state batteries.
Automotive Battery Market: Regional Analysis
In terms of geography, the Global Automotive Battery market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. North America is estimated to be the largest Automotive Battery Market.Asia-Pacific is projected to grow at the fastest CAGR during the forecast period. This growth can be attributed to the improving socio-economic conditions in emerging economies such as China and India. The growth in population in these countries has resulted in an increased vehicle production and sales. This has resulted in increased demand for Automotive Battery.
Cagr: 10.5%
Largest share area:American
Largest share country:USA