Surge in Electric Vehicle Infrastructure and Technology
The electric vehicle (EV) market is experiencing unprecedented growth, fueled by advancements in charging technology and battery materials. The global on-board charger market is set to expand significantly, with projections indicating a rise to $19.47 billion by 2031. Key players like BYD, Tesla, and Panasonic are at the forefront, driving innovation.
Concurrently, the lithium-ion battery materials sector is projected to grow at an 8.5% CAGR, propelled by demand from renewable energy and portable electronics. Notably, BYD has unveiled groundbreaking EVs capable of rapid charging, revolutionizing the industry.
This surge in electric mobility is supported by substantial investments in infrastructure and technology, marking a transformative shift towards sustainable transportation.
The press radar on this topic:
Lithium-ion Secondary Battery Materials Market Massive Growth opportunity Ahead | Panasonic,LG Chem,Samsung SDI
Global Lead-Acid Battery Market is Thriving Worldwide with Clarios, Exide Technologies, CSB Energy Technology, GS Yuasa, EnerSys, East Penn Manufacturing
Chinese automaker stuns industry with new electric car breakthrough: 'Elevating the game to another dimension'
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