Press release
Electric Vehicle Battery Pack Market: Competitive Dynamics & Global Outlook 2023
Electric vehicle battery pack is providing driving force by consuming the power and it is installed in the electric vehicle. Electric vehicle battery pack designed for Electric Vehicles (EVs) is complex and vary widely by manufacturers and specific application. However, they all incorporate a combination of several simple mechanical and electrical component systems which perform the basic required functions of the pack.
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Global Electric Vehicle Battery Pack Market: Forecast by Type / Application / Region
At present, in developed countries, the Electric Vehicles Battery Pack industry is generally at a more advanced level. The world's large enterprises are mainly concentrated in Japan, Korea, USA, etc. Meanwhile, foreign companies have more advanced equipment, strong R & D capability, and leading technical level. However, foreign companies’ manufacturing cost is relatively higher, compared with Chinese companies. With the development of Chinese Electric Vehicles Battery Pack production technology, their share in the international market is increasing, and competitiveness in the international market gradually increases.
China’s Electric Vehicles Battery Pack industry has developed into a national wide status with certain research and production capacity. Industry product type diversity has gradually improved. China has become large international Electric Vehicles Battery Pack manufacturing country, in addition to middle and low Electric Vehicles Battery Pack products. Some leading companies have been able to provide some high-end Electric Vehicles Battery Pack products, and have already had a competitive edge in the international arena.
With the rapid growth rate of the national economy as well as the rapid development of downstream industries, Chinese Electric Vehicles Battery Pack market demand is exuberant, providing a good opportunity for the development of Electric Vehicles Battery Pack market and technology.
Over the next five years, LPI(LP Information) projects that Electric Vehicle Battery Pack will register a 31.5% CAGR in terms of revenue, reach US$ 85000 million by 2023, from US$ 16400 million in 2017.
Global Electric Vehicle Battery Pack Market: Key Players
BYD
Panasonic
CATL
OptimumNano
LG Chem
GuoXuan
Lishen
PEVE
AESC
Samsung
Lithium Energy Japan
Beijing Pride Power
BAK Battery
WanXiang
Hitachi
ACCUmotive
Boston Power
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Related Information:
United States Electric Vehicle Battery Pack Market Research Report 2018
Europe Electric Vehicle Battery Pack Market Research Report 2018
North America Electric Vehicle Battery Pack Market Research Report 2018
Asia-Pacific Electric Vehicle Battery Pack Market Research Report 2018
China Electric Vehicle Battery Pack Market Research Report 2018
EMEA Electric Vehicle Battery Pack Market Research Report 2018
Global Electric Vehicle Battery Pack Market Research Report 2018
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