CHINA EV BATTERY MARKET

INTRODUCTION

All of the power used to power battery-electric cars comes from an internal battery pack. The electric motor, which rotates the wheels while you drive, is powered by the electricity stored in this battery pack.

The demand for electric vehicle batteries in China is mostly being driven by the country's growing environmental concerns around dangerous automobile emissions. Additionally, the Chinese government's increasing number of initiatives and awareness campaigns aimed at lowering carbon footprints are fueling the market's expansion.

CHINA EV BATTERY MARKET SIZE AND FORECAST

The China EV Battery Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

NEW PRODUCT LAUNCH

A battery switching service for electric cars (EVs) named "EVOGO" was introduced by Contemporary Amperex Technology Co Ltd (CATL), a Chinese battery manufacturer. According to the business, users would be able to swap out their vehicle's batteries in under a minute.

In ten Chinese cities, CATL will first establish EV battery exchange stations. Drivers can exchange up to three depleted battery modules for fully charged ones with this service.

The car must, however, have a standardized battery configuration that is compatible with the machinery that extracts the discharged modules from beneath the vehicle in order for the exchange to be finished in a matter of minutes.

So the swappable battery from CATL is shaped like a chocolate bar. The "Choco-SEB (swapping electric block)" is how CATL refers to it.

Up to 48 Choco-SEBs may be stored in a typical EVOGO battery swap station, which allows for one-minute changing for a single battery block and guarantees that customers never have to wait long for fully charged batteries. According to CATL, the design has the benefits of high energy density with a small footprint and a simple aesthetic.

Dongfeng Motor has supplied 50 electric vehicles with solid-state batteries for demonstration in China, which may be considered to be somewhat of a first.

A solid substance is used for the electrolyte between the anode and the cathode in solid-state batteries, which allows battery manufacturers to enhance energy density (and hence driving range) or decrease battery weight.

The new DongFeng Aeolus E70 EVs make use of solid-state batteries created in collaboration with Ganfeng Lithium, which entered into a partnership with the state-owned automaker.

Advanced flexible diaphragm technology is used by the Ganfeng solid-state batteries to prevent lithium dendrites while yet allowing lithium ions to move between the electrodes.

COMPANY PROFILE

• Yunnan Energy New Material Group (Semcorp)
• Microvast
• Showa Denko Materials Co., Ltd.
• BMZ Group
• Contemporary Amperex Technology Co., Limited
• GS Yuasa International Ltd.
• BYD Company Limited
• Panasonic Corporation
• OptimumNano Energy Co.,Ltd.

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many EV batteries are manufactured per annum in China? Who are the sub-component suppliers in this region?
2. Cost breakup of a China EV Battery and key vendor selection criteria
3. Where is the EV Battery manufactured? What is the average margin per unit?
4. Market share of China EV Battery market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture China EV Battery in-house
6. key predictions for next 5 years in China EV Battery market
7. Average B-2-B EV Battery market price in all segments
8. Latest trends in EV Battery market, by every market segment
9. The market size (both volume and value) of the EV Battery market in 2023-2030 and every year in between?
10. Production breakup of EV Battery market, by suppliers and their OEM relationship