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/PRNewswire/ WHEN: September 8, 2023, from 12 - 2 PM EST WHAT: Bank of America will host its third annual virtual electric vehicle show, "EVolution," a. ....
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). ....
The estimates by GlobalData say that the electric vehicle market, including BEVs and hybrid vehicles (HEVs), will reach 62.74 million units by 2030, recording a compound annual growth rate (CAGR) of 16% during 2022-30. The advanced automotive cylindrical lithium-Ion battery market for BEVs and HEVs is also estimated to be 6.24 million units by 2030. ....
Auto Industry: With technological advancements, policy support, and evolving consumer preferences, the outlook for connected vehicles in the region appears immensely promising. Against this backdrop, the connected vehicle technologies market in APAC is forecast to reach USD 34.4 million by 2026, registering a compound annual growth rate (CAGR) of 4.9% over 2021-26, according to GlobalData, a leading data and analytics company. ....