MRO Magazine

Technavio Publishes Li-ion Battery Market for EVs in China 2015-2019 Analysis and Forecast

By Business Wire News   



LONDON

With the increased number of Li-ion battery manufacturing bases, the lithium-ion battery market for electric vehicles (EVs) in China is expected to grow at a CAGR of 38.5% from 2015-2019, says research firm Technavio.

About the Report

Many lithium-ion manufacturing companies are shifting their production base from Japan to China because of slow economic growth in Japan. Declining exports and lackluster investment growth is having a profoundly negative effect on the Japanese economy, leading many manufacturers to look to China for their production needs.

“Panasonic, Sony, LG Chem, Samsung SDI and TDK have shifted their lithium-ion battery manufacturing plants from Japan to China to achieve cost competitiveness and gain profitability on sales,” says Faisal Ghaus, Vice President of Technavio.

The new Technavio report also emphasizes the increasing investments in charging stations by the Chinese government to increase sustainability of battery-operated vehicles in the country.

“The success of electric vehicles is highly dependent upon the battery performance and the availability of charging infrastructure,” says Ghaus.

Market Scope and Calculation of Market Size

This report covers the present scenario and growth prospects of the lithium-ion battery market for EVs in China from 2015-2019. The market size has been calculated by considering the overall Li-ion battery market demand as per sales of BEVs and PHEVs.

Key Information Covered in the Report:

  • Key Vendors:
    • Automotive Energy Supply Corp. (AESC)
    • Blue Energy Co. Ltd.
    • BYD Co. Ltd.
    • China BAK Battery Inc.
    • LG Chem
  • Market Growth Drivers:
    • Increased number of Li-ion battery manufacturing bases
    • For a full detailed list, view our report.
  • Market Challenges:
    • Longer duration of charging time
    • For a full detailed list, view our report.
  • Market Trends:
    • Increase in investment in charging infrastructure
    • For a full detailed list, view our report.

Technavio currently has more than 3000 market research reports on a huge range of topics, including 200+ reports on the Li-ion battery market:

If you are interested in more information, please contact our media team at media@technavio.com.

Technavio Research
Jes Ellacott
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
media@technavio.com
www.technavio.com

Advertisement

Stories continue below

Print this page