News > China is dominating the global EV Battery Market
China is dominating the global EV Battery Market
10/10/2022 06:15 PM | Click to read full article
The global EV battery market is expected to grow from $17 billion to $95 billion between 2019 to 2028. With the increasing demand to decarbonize the transport sector, battery makers have given a lot of momentum to EVs.
Despite efforts by the United States and Europe to increase the domestic production of batteries, the market is still dominated by Asian suppliers.
