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Technavio Publishes Li-ion Battery Market for EVs in China 2015-2019 Analysis and ForecastWith the increased number of Li-ion battery manufacturing bases, the lithium-ion battery market for electric vehicles (EVs) in China is expected to grow at a CAGR of 38.5% from 2015-2019, says research firm Technavio. About the Report Many lithium-ion manufacturing companies are shifting their production base from Japan to China because of slow economic growth in Japan. Declining exports and lackluster investment growth is having a profoundly negative effect on the Japanese economy, leading many manufacturers to look to China for their production needs. "Panasonic (News - Alert), Sony, LG Chem, Samsung SDI and TDK have shifted their lithium-ion battery manufacturing plants from Japan to China to achieve cost competitiveness and gain profitability on sales," says Faisal Ghaus, Vice President of Technavio. The new Technavio report also emphasizes the increasing investments in charging stations by the Chinese government to increase sustainability of battery-operated vehicles in the country. "The success of electric vehicles is highly dependent upon the battery performance and the availability of charging infrastructure," says Ghas. Market Scope and Calculation of Market Size This report covers the present scenario and growth prospects of the lithium-ion battery market for EVs in China from 2015-2019. The market size has been calculated by considering the overall Li-ion battery market demand as per sales of BEVs and PHEVs. Key Information Covered in the Report:
Technavio currently has more than 3000 market research reports on a huge range of topics, including 200+ reports on the Li-ion battery market: If you are interested in more information, please contact our media team at [email protected].
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