*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

China Electric Vehicle Battery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The China electric vehicle battery market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 25% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Electric vehicle battery refers to an energy storage device that is primarily used to power the battery-based electric engines for propulsion. Some of the common types of vehicles that operate on electric batteries include bikes and mopeds, e-rickshaws, e-cars, buses, loaders, etc. Electric vehicle batteries offer numerous benefits in comparison with fuel-based engines, such as high power-to-weight ratio, zero carbon emissions, noise-free travel experience, lower maintenance, cost-effectiveness, etc.

In China, the increasing environmental concerns towards harmful vehicular emissions are primarily driving the demand for electric vehicles. Moreover, the growing number of awareness programs and initiatives launched by the Chinese government for reducing carbon footprints is further propelling the market growth. In line with this, several government agencies are also providing numerous subsidies and financial aids for promoting the adoption of electric vehicles in the country, thereby catalyzing the demand for electric vehicle batteries. Additionally, the rising investments in the upgradation of public charging infrastructures for electric three- or two-wheelers are further augmenting the market for rechargeable electric vehicle batteries in China. Apart from this, the continuous replacement of conventional fuel-based public transport fleets with cleaner and safer electric buses and trains is also bolstering the product demand. Moreover, the regional battery manufacturers are focusing to provide reliable, safe, and environmentally conducive batteries for powering heavy-duty electric vehicles. Additionally, a significant decline in the cost of high-capacity Li-ion batteries, which leads to the lowering of overall vehicle cost, is also propelling the market growth. In the coming years, the emergence of hybrid and autonomous electric vehicles that are integrated with several advanced technologies, such as wireless connectivity, telematics devices, Advanced driver-assistance systems (ADAS), etc., will continue to drive the market for electric vehicle batteries in China.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the China electric vehicle battery market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on battery type, vehicle type and battery capacity.

Breakup by Battery Type:

  • Lead Acid Battery
  • Lithium-Ion Battery
  • Others
     

Breakup by Vehicle Type:

  • Battery Electric Vehicles (BEV)
  • Plug-in Hybrid Electric Vehicles (PHEV)
  • Hybrid Electric Vehicles (HEV)
     

Breakup by Battery Capacity:

  • <30 kWh
  • 30-60 kWh
  • >60 kWh
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being BMZ Group, BYD Company Limited, Contemporary Amperex Technology Co., Limited. (CATL), GS Yuasa International Ltd., Lishen Battery, Microvast, OptimumNano Energy Co.,Ltd., Panasonic Corporation, Samsung SDI Co., Ltd. and Showa Denko Materials Co., Ltd.

Report Coverages:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Battery Type, Vehicle Type, Battery Capacity
Companies Covered BMZ Group, BYD Company Limited, Contemporary Amperex Technology Co., Limited. (CATL), GS Yuasa International Ltd., Lishen Battery, Microvast, OptimumNano Energy Co.,Ltd., Panasonic Corporation, Samsung SDI Co., Ltd. and Showa Denko Materials Co., Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the China electric vehicle battery market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the China electric vehicle battery market?
  • What is the breakup of the market based on the battery type?
  • What is the breakup of the market based on the vehicle type?
  • What is the breakup of the market based on the battery capacity?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the China electric vehicle battery market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    China Electric Vehicle Battery Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Battery Type
    6.1    Lead Acid Battery
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Lithium-Ion Battery
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Others
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Vehicle Type
    7.1    Battery Electric Vehicles (BEV)
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Plug-in Hybrid Electric Vehicles (PHEV)
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Hybrid Electric Vehicles (HEV)
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Battery Capacity
    8.1    <30 kWh
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    30-60 kWh
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    >60 kWh
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    BMZ Group
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio 
        13.3.2    BYD Company Limited
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio 
           13.3.2.3 Financials
           13.3.2.4 SWOT Analysis
        13.3.3    Contemporary Amperex Technology Co. Limited. (CATL) 
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio
           13.3.3.3 Financials
        13.3.4    GS Yuasa International Ltd.
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio
        13.3.5    Lishen Battery
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio
        13.3.6    Microvast
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio
           13.3.6.3 Financials
        13.3.7    OptimumNano Energy Co. Ltd.
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio
        13.3.8    Panasonic Corporation
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio
           13.3.8.3 Financials
           13.3.8.4 SWOT Analysis
        13.3.9    Samsung SDI Co. Ltd.
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio
           13.3.9.3 Financials
           13.3.9.4 SWOT Analysis
        13.3.10    Showa Denko Materials Co. Ltd.
           13.3.10.1 Company Overview
           13.3.10.2 Product Portfolio
           13.3.10.4 SWOT Analysis

List of Figures

Figure 1: China: Electric Vehicle Battery Market: Major Drivers and Challenges
Figure 2: China: Electric Vehicle Battery Market: Sales Value (in Billion US$), 2015-2020
Figure 3:China: Electric Vehicle Battery Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: China: Electric Vehicle Battery Market: Breakup by Battery Type (in %), 2020
Figure 5: China: Electric Vehicle Battery Market: Breakup by Vehicle Type (in %), 2020
Figure 6: China: Electric Vehicle Battery Market: Breakup by Battery Capacity (in %), 2020
Figure 7: China: Electric Vehicle Battery (Lead Acid Battery) Market: Sales Value (in Million US$), 2015 & 2020
Figure 8:China: Electric Vehicle Battery (Lead Acid Battery) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 9: China: Electric Vehicle Battery (Lithium-Ion Battery) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10:China: Electric Vehicle Battery (Lithium-Ion Battery) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: China: Electric Vehicle Battery (Other Battery Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12:China: Electric Vehicle Battery (Other Battery Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: China: Electric Vehicle Battery (Battery Electric Vehicles) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: China: Electric Vehicle Battery (Battery Electric Vehicles) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: China: Electric Vehicle Battery (Plug-in Hybrid Electric Vehicles) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: China: Electric Vehicle Battery (Plug-in Hybrid Electric Vehicles) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: China: Electric Vehicle Battery (Hybrid Electric Vehicles) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: China: Electric Vehicle Battery (Hybrid Electric Vehicles) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: China: Electric Vehicle Battery (<30 kWh) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: China: Electric Vehicle Battery (<30 kWh) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: China: Electric Vehicle Battery (30-60 kWh) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: China: Electric Vehicle Battery (30-60 kWh) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: China: Electric Vehicle Battery (>60 kWh) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: China: Electric Vehicle Battery (>60 kWh) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: China: Electric Vehicle Battery Industry: SWOT Analysis
Figure 26: China: Electric Vehicle Battery Industry: Value Chain Analysis
Figure 27: China: Electric Vehicle Battery Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: China: Electric Vehicle Battery Market: Key Industry Highlights, 2020 and 2026
Table 2: China: Electric Vehicle Battery Market Forecast: Breakup by Battery Type (in Million US$), 2021-2026
Table 3: China: Electric Vehicle Battery Market Forecast: Breakup by Vehicle Type (in Million US$), 2021-2026
Table 4: China: Electric Vehicle Battery Market Forecast: Breakup by Battery Capacity (in Million US$), 2021-2026
Table 5: China: Electric Vehicle Battery Market: Key Price Indicators         
Table 6: China: Electric Vehicle Battery Market: Competitive Structure
Table 7: China: Electric Vehicle Battery Market: Key Players

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