Report Overview:
New Energy Vehicle Batteries are rechargeable secondary batteries specifically designed to power the propulsion of electric vehicles (EVs). These batteries serve as the core component in powering Battery Electric Vehicles (BEVs) and Hybrid Electric Vehicles (HEVs), making them crucial for the evolution of sustainable transportation. The primary types of these batteries include lead-acid batteries, lithium batteries, and other advanced chemistries, each offering distinct advantages based on application needs.
Market Value:
The global New Energy Vehicle Battery market was estimated to be valued at USD 53,010 million in 2024 and is projected to grow significantly, reaching USD 330,399.99 million by 2032, with a robust CAGR of 25.70% during the forecast period.
By Types:
• Lead-acid Batteries: Known for their affordability and reliability, primarily used in smaller EV applications.
• Lithium Battery: The most widely used battery type due to its high energy density, long cycle life, and lightweight.
• Others: Includes emerging technologies such as solid-state batteries and nickel-metal hydride (NiMH) batteries.
By Applications:
BEV (Battery Electric Vehicle): Fully electric vehicles powered solely by batteries.
HEV (Hybrid Electric Vehicle): Vehicles that combine an internal combustion engine with battery-powered electric propulsion.
Key players include:
• CATL
• Panasonic
• LG Chem
• BYD
• Samsung SDI
• Johnson Controls
• GS Yuasa
• Hitachi Group
• Automotive Energy Supply
• Including or Excluding key companies relevant to your analysis.
