EV Batteries - Who Is Really the Boss?

In 2023, more than 250,000 electric vehicles were sold globally per week, more than the total number of vehicles sold in one year just a decade ago. As more and more people buy electric vehicles, demand for EV batteries also increases. Expected future EV growth will drive global battery sales in 2030 to four times compared to 2023. The “green energy” transition trend according to commitments at COP26 also indicates that EV batteries play an important role, prioritized for development by many countries, investing in manufacturing technology to supply the market.

Continuing the article on the electric vehicle industry: Potential development of the electric vehicle industry and Tesla's direction, Viet Hustler will go through the key points of the EV battery market with you in this weekend's market analysis article.

• Overview of the EV battery industry

  • Industry value chain

  • Market and market share by country/region

  • Market share by company

• 3 main trends in the EV battery industry:

  • Lithium-ion batteries will still dominate in the near future

  • Lithium-ion technology is increasingly advanced, continuing to reduce costs and increase performance - 3 new battery technologies: CTM, CTP and CTC

  • Demand for battery recycling is increasing