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Major Players profiled in this report:
Few of the major competitors currently working in the electric vehicles battery market are Panasonic Corporation; MITSUBISHI MOTORS CORPORATION; Beijing Pride New Energy Battery Technology Co., Ltd.; Automotive Energy Supply Corporation; BYD Company Ltd.; LG Chem; Daimler AG; Robert Bosch GmbH; SAMSUNG SDI CO.,LTD.; Tianneng Power International Co., Ltd.; Johnson Controls; GS Yuasa International Ltd. and Hitachi, Ltd.
Global Electric Vehicles Battery :
Electric vehicles battery which is also known as traction battery is used to give power to the electric vehicles and is usually rechargeable in nature. Motorcycles, bicycles, scooters, skateboards, rail cars, watercraft, forklifts, buses, trucks, and cars usually use these batteries. Lead acid batteries, nickel metal hydride batteries and lithium ion batteries are the batteries which are usually used in the electric vehicles. The main aim of the battery is to start the engine; once it gets started the electrical system is supplied by the alternator.
FACTORS DRIVING GROWTH IN ELECTRIC VEHICLE MARKET:
Increase in the Electric Vehicles:
As of December 2018, China has the largest light duty plug- in electric vehicle market with 2243.8 sales, Europe with 1352, United States with 1126, California with 537.2 and Norway with 296.2. Netherland has the lowest sales with 145.9.
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Segmentation: Global Electric Vehicles Battery Market
- By Vehicles
- Battery Electric Vehicles
- Plug-In Hybrid Electric Vehicles
- Hybrid Electric Vehicles
- By Battery Type
- Lead Acid Battery
- Nickel Metal Hydride Battery
- Lithium-Ion Battery
- By Geography
- North America
- North America
Key Developments in the Market:
- In October 2018, Daimler AG announced that they are planning to invest in the Tuscaloosa plant situated in the United States for the initiation of construction for electric vehicles battery production.
- In May 2017, SAMSUNG SDI CO.,LTD. announced that their electric vehicle battery production plant situated in Hungary has finished construction, and the operation of this plant is expected to begin from 2018.
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Key Market Competitors: Global Electric Vehicles Battery Market
- Panasonic Corporation
- MITSUBISHI MOTORS CORPORATION
- Beijing Pride New Energy Battery Technology Co.
- Automotive Energy Supply Corporation
- BYD Company Ltd.
- LG Chem
- Daimler AG
- Robert Bosch GmbH
- Tianneng Power International Co.
- Johnson Controls
- GS Yuasa International Ltd.
- Hitachi, Ltd.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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