APAC EV battery market to register CAGR of 13.3% over 2023-28: GlobalData, ET Auto
GlobalData’s latest report ‘Global Sector Overview and Forecast: Battery Technologies’, reveals that the EV battery market in the APAC region is estimated at 15.1 million units in 2023. However, the rise in demand for the batteries has pushed supply chain considerations to the fore. Alternatives to lithium-ion (Li-ion) batteries have started to appear recently, most notably sodium-ion (Na-ion).
Source: indiatimes.com