Automotive OEMs are moving toward software-defined vehicles, where vehicle development is shifting from traditional mechanical engineering to software technology based on programmatic engineering. As a result, vehicles will be continuously improved through software updates throughout the product lifecycle. This paradigm shift in how vehicles are developed is also changing the industry's structure.
In 2022, BYD was the leader in EV sales, including BEVs and PHEVs. BYD and Tesla used to fight fiercely with each other, but Tesla has installed BYD batteries in some of its vehicles manufactured at its Berlin plant. While all the traditional automakers are accelerating their electrification strategies, the cooperation between young automakers (BYD and Tesla) in the EV era is a sign that the EV market will become increasingly fierce between the old and the new.
While the EV battery market is seeing an acceleration in introducing new technology driven by national (or regional) policies and appeals to investors, efforts toward sustainable EV batteries are also gaining prominence, motivated by the recent surge in material prices and safety concerns.
This report provides market research and analysis from a wide range of perspectives, including market trends, updates on related company initiatives, differences in regional approaches to batteries, trends in China, Europe, the US, Japan, South Korea, and India, battery technology trends, charging stations, and recycling/reuse initiatives. The report includes market research and analysis from a wide range of perspectives.
Table of Contents
Executive Summary
In a rapidly changing global landscape, the automotive industry is about to undergo a bold transformation. Electrification, 5G/6G, software-defined, carbon neutral, metaverse, and many other elements and technologies are flowing into the automotive industry. And the market is trying to integrate these technologies into one system.
In this context, electrification will inevitably relate to energy management. On the other hand, as the electrification trend gains momentum, soaring resource prices and scarcity of rare metals are becoming risks.
This report will provide a comprehensive market analysis of the EV (electric vehicle) and automotive battery market, including forecasts and analysis of the market size, as well as a discussion of the impact of politics and society on the market.
Companies Mentioned
- Tesla
- Volkswagen
- BMW
- Daimler
- General Motors
- Toyota
- Volvo
- NIO
- BYD
- Xpeng
- SAIC-GM-Wuling
- Man
- Goldhofer
- Yutong Bus
- CATL
- LG
- Panasonic
- Samsung
- Customcells
- Northvolt
- SVOLT
- ACC
- AESC
- Gotion
- Li-Cycle
- Redwood
- Brunp
- Accurec Recycling
- Primobius
- Epiroc
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 88 |
| Published | June 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value in 2022 | 520 GWh |
| Forecasted Market Value by 2028 | 2773 GWh |
| Compound Annual Growth Rate | 32.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 30 |
