China Electric Vehicle Battery Market Booming Worldwide with Latest Trend and Future Scope by 2029

China’s electric vehicle battery market is estimated to grow at a CAGR of over 9.0% during the forecast period. The cohesive government programs and initiatives to fuel the sale and manufacturing of electric vehicle in China is a major factor that is generating the demand for electric vehicle battery market in the country. China is one of the members of the EV30@30 campaign that aims to accelerate the deployment of electric vehicle in the country. In 2018, China set a target in which the country planned that electric cars and plug-in hybrids vehicles to account for at least 20% of its total vehicle sales by 2025.

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The market is segmented on the basis of battery type vehicle type, and propulsion technology. Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. Based on battery type Li-ion is anticipated to hold a considerable market share during the forecast period. Based on vehicle type, the market is sub-segmented into commercial vehicles, passenger cars, and two-wheeler. Based on propulsion technology the market is sub-segmented into battery electric vehicle, plug-in hybrid electric vehicle.

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  • Market Coverage
  • Market number available for – 2023-2029
  • Base year- 2022
  • Forecast period- 2023-2029
  • Segment Covered- By Source, By Product Type, By Applications
  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
  • , and others

China Electric Vehicle Battery Market Report Segment  

 By Vehicle Type

  • Commercial Vehicle
  • Passenger Cars
  • Two-Wheelers

By Propulsion Technology

  • Battery Electric Vehicle
  • Plug-in Hybrid Electric Vehicle

By Battery Type

  • NiMH
  • Li-ion
  • Others

The Report Covers

  • Comprehensive research methodology of China electric vehicle battery market.
  • This report also includes a detailed and extensive market overview with key analyst insights.
  • An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
  • Analysis of regional regulations and other government policies impacting the China electric vehicle battery market.
  • Insights about market determinants which are stimulating the China electric vehicle battery market.
  • Detailed and extensive market segments with regional distribution of forecasted revenues.
  • Extensive profiles and recent developments of market players.

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