LATIN AMERICA ELECTRIC TRUCK BATTERY MARKET

INTRODUCTION

Energy demand increases as vehicle weight increases. Optimizing the battery for the application is essential because battery size and weight are serious concerns. 

An electric vehicle obtains its power straight from a large pack of batteries, as opposed to internal combustion engined vehicles, which get their energy from burning gasoline or fuel.

 however, electric vehicles (EVs) use packs made up of thousands of individual Li-ion cells that cooperate to power the vehicle. Electricity is utilised to change the batteries' chemical composition while the vehicle is charging. These modifications are then reversed when the vehicle is in motion to create electricity.

LATIN AMERICA ELECTRIC TRUCK BATTERY MARKET SIZE AND FORECAST

The Latin America Electric Truck Battery Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.

MARKET DYNAMICS

Volkswagen Caminhes e Nibus, one of the biggest manufacturers of trucks and buses in Latin America, has struck an electrification agreement with Chinese battery manufacturer Contemporary Amperex Technology Co. Limited (CATL) (VWCO).

According to the long-term strategic collaboration agreement, CATL will provide battery systems, including battery development, manufacture, recycling, and secondary usage, for the electrification of VWCO.

According to the agreement, the relationship had begun with e-Delivery, a line of electric vehicles from VWCO and the region's first entirely electric light truck.

Using the common LFP (lithium iron phosphate) battery packs manufactured by CATL, 11 and 14-ton variants were introduced to the world market.

Following a recent cooperation with Octillion Power Systems, Fabrica Nacional de Motores now produces battery-electric trucks for Brazil. Lithium-ion battery manufacturer Octillion Power Systems is collaborating with FNM to create fully electric trucks.

In order to reduce the expenses of manufacturing and delivery, Octillion developed a local battery factory inside of FNM's facilities.

COMPANY PROFILE

• Octillion
• CATL
• CALB
• Envision Aesc
• LG Ensol
• Northvolt AB
• Samsung SDI

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost perLatin America Electric Truck Battery Marketright now and how will it change in the next 5-6 years?
2. Average cost to set up an ElectricTruck Battery MarketinLatin America?
3. How manyLatin America Electric Truck Battery Marketare manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of aLatin America Electric Truck Battery Marketand key vendor selection criteria
6. Where is theLatin America Electric Truck Battery Market manufactured? What is the average margin per equipment?
7. Market share ofLatin America Electric Truck Battery Marketmanufacturers and their upcoming products
8. The most important plannedLatin America Electric Truck Battery Marketin next 2 years
9. Details on network of majorLatin America Electric Truck Battery Marketand pricing plans
10. Cost advantage for OEMs who manufactureLatin America Electric Truck Battery Marketin-house
11. 5 key predictions for next 5 years inLatin America Electric Truck Battery Market
12. Average B-2-BLatin America Electric Truck Battery Marketprice in all segments
13. Latest trends inLatin America Electric Truck Battery Market, by every market segment
14. The market size (both volume and value) ofLatin America Electric Truck Battery Marketin 2022-2027 and every year in between?
15. Global production breakup ofLatin America Electric Truck Battery Market, by suppliers and their OEM relationship