With consumer interest in electric vehicles increasing, the global market for EV batteries has grown to the size of $27 billion in 2021 and is expected to continue expanding. In addition to having become a major hub for the manufacture of automotive parts, Statista's Katharian Buchholz details below that Asia is also a pioneer in the production of batteries for electric vehicles.
At present, the ten manufacturers with the highest market share in terms of battery capacity newly registered in 2021 are all headquartered in Asian countries, mainly…Asia Is Winning The War For EV Batteries
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