China EV Battery Pack Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 54.59 Billion |
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Market Size (2029) | USD 69.19 Billion |
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Largest Share by Propulsion Type | BEV |
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CAGR (2024 - 2029) | 4.85 % |
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Fastest Growing by Propulsion Type | BEV |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
China EV Battery Pack Market Analysis
The China EV Battery Pack Market size is estimated at 54.59 billion USD in 2024, and is expected to reach 69.19 billion USD by 2029, growing at a CAGR of 4.85% during the forecast period (2024-2029).
54.59 Billion
Market Size in 2024 (USD)
69.19 Billion
Market Size in 2029 (USD)
25.24 %
CAGR (2017-2023)
4.85 %
CAGR (2024-2029)
Largest Segment by Body Type
88.25 %
value share, Passenger Car, 2023
Electric cars are China's most popular body type owing to its affordable priced models, government subsidies, benfits over petrol cars, and good charging infrastructure.
Largest Segment by Propulsion Type
97.28 %
value share, BEV, 2023
Easy affordability, vast manufacturing in China, little maintenance, zero emissions, significant subsidies, and no fuel costs, has made BEV's the largest sales in EVs.
Largest Segment by Battery Chemistry
72.99 %
value share, LFP, 2023
Due to its cheap production costs, extended range, durability, extensive production in China, and higher safety rating, LFP batteries are the most popular.
Largest Segment by Battery Form
87.56 %
value share, Prismatic, 2023
Due to their low cost, increased safety, and high density per volume, easy manufacturing, prismatic cells are the most common battery type in Chinese EVs.
Leading Market Player
0.04 %
market share, Contemporary Amperex Technology Co. Ltd. (CATL), 2022
Contemporary Amperex Technology Co., Ltd. (CATL) sells the most EV batteries in China due to its vast reach, high production capacity, and large exports.
China's demand for electric vehicles and lithium-ion batteries is growing due to higher production, government regulations, and consumer adoption. Battery electric vehicles dominate the market while PHEVs are also gaining popularity.
- China is one of the global leaders in the electrification of vehicles. The country also has a very big name in the battery industry. The country has witnessed tremendous growth in the sales of electric vehicles over the past few years. Higher production of electric vehicles, stringent government norms, and a high adoption rate of electric vehicles to control carbon emissions enhanced the demand for electric vehicles in 2021 over 2017 in the country.
- The demand for battery electric vehicles is higher compared to the PHEV. The majority of the market, i.e., around 70% of the sales in overall electric vehicles, was acquired by battery electric vehicles compared to around 28% of the plug-in hybrid electric vehicles in 2022. Vehicles using plug-in hybrid technology may switch between using fuel or batteries, giving them an advantage over fully electric vehicles in terms of range anxiety, which is also gradually attracting customers as the sales of PHEV registered a growth of around 32% in 2022 over 2021. As a result, lithium-ion batteries used in electric vehicles grew in 2022 over 2021 in China.
- In addition to the demand for battery electric vehicles, the need for lithium-ion batteries is rising. Moreover, various companies are launching new electric vehicles. In March 2023, Polestar launched its new electric SUV, which will provide a battery range of around 315 miles (563 kms). Such new launches are expected to boost the demand for electric car batteries during the forecast period in China.
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China EV Battery Pack Market Trends
DRIVING THE ELECTRIC REVOLUTION, BYD LEADS THE CHINESE EV BATTERY PACK MARKET, FOLLOWED BY TESLA, WULING, TOYOTA GROUP, AND GAC AION
- The market for electric vehicles in China is huge and is operated by many sellers, but it is largely driven by five major companies, which held more than 50% of the market in 2022. These companies include BYD, Tesla, Wuling, Toyota Group, and GAC Aion. BYD was the largest seller of electric vehicles in China, accounting for around 25.27% of the share in EV sales. The company has strong R&D capabilities with good financial positioning. It is capturing customers through a great pricing strategy and a wide sales and service network across China.
- Tesla held a market share of around 9.72%, making it the second-largest seller of electric vehicles across China. The company focuses on cutting-edge innovations and has solid strategic alliances with producers of several EV parts, including batteries. The company also has a strong sales network across China. The Wuling recorded the third-highest market share, 8.47%, for the electric vehicle sales. The company operates as a subsidiary of Liuzhou Wuling Automobile Industry Co. Ltd. It has a strong hold on the customers of China due to its wide product portfolio offering EVs for various types of customers.
- The fourth-largest player in China EV sales was Toyota Group, accounting for around 7.06% of the market share. The company has a reliable brand image among its customers and sells its products in China through a well-established supply chain network. The fifth-largest player operating in the Chinese EV battery pack market was GAC Aion, maintaining its market share at around 3.71%. Other players selling EVs in China include Chery, Changan, Neta, Li-Auto, and Fengshen.
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IN 2022, TESLA, BYD, AND WULING HAD MORE THAN 50% OF CHINA'S PASSENGER CAR MARKET, DRIVING THE MAJOR BATTERY PACK DEMAND
- China is one of the largest electric vehicle markets globally, and the demand for electric vehicles has grown significantly over the past few years. The country has a variety of buyers for electric vehicles, but hatchbacks and SUVs are some of the best-selling segments. Economical drive, affordable pricing, and easy parking are the major factors for the hatchback’s increasing demand, and large head and leg room, large seating capacity, and comfortable drive on various roads due to high ground clearance are some of the factors aiding the sales of the electric SUVs in the country.
- The country has witnessed good sales of the hatchback as people prefer affordability. Wuling Hongguang MINIEV registered significant sales growth in 2022, as it is one of the very affordable full electric cars with good range and limited top speed. It also offers a convertible version, which is attracting consumers. The population of China is showing a positive response to various brands, such as Tesla, owing to the good brand image and wide product offering of EVs. The company is operating as one of the prominent brands in China and registered good sales of models Y and 3 in 2022.
- Most of the electric vehicle market is captured by Chinese brands. Song has also been one of the best sellers of BYD among Chinese consumers, owing to its fully electric powertrain with a large seating capacity. The Chinese EV battery pack market also features a variety of electric SUVs and hatchbacks from various brands. One of the common cars is the BYD Dolphin and Yuan Plus, which registered good sales in 2022. Other cars in the Chinese EV battery pack market include Qin PLUS DM-I, Han DM, and Tang DM.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- GOVERNMENT INITIATIVES AND STRONG OEM INVESTMENTS DRIVE RAPID GROWTH IN ELECTRIC VEHICLE SALES IN CHINA
- THE DECLINING COST OF LITHIUM-ION BATTERIES IS DRIVING THE DEMAND FOR ELECTRIC VEHICLES IN CHINA
- DURING 2023-2029, TECHNOLOGICAL ADVANCEMENTS, ECONOMIES OF SCALE, AND SUPPLY CHAIN EFFICIENCY WILL LOWER CHINA'S BATTERY CHEMISTRY PRICES, ENABLING ELECTRIC VEHICLE ADOPTION AND RENEWABLE ENERGY INTEGRATION
- NEW CHINESE ELECTRIC VEHICLE DEBUTS ARE DRIVING BATTERY PACK DEMAND
- There is a dominance of LFP batteries and rising demand for NMC batteries
- CHINA'S RAPID EV GROWTH IS DRIVING DEMAND FOR BATTERY MATERIALS, WITH LFP BATTERIES DOMINATING THE MARKET
- CHINA LEADS THE WAY IN ELECTRIC VEHICLE ADOPTION AND BATTERY TECHNOLOGY ADVANCEMENTS
China EV Battery Pack Industry Overview
The China EV Battery Pack Market is fragmented, with the top five companies occupying 0.09%. The major players in this market are China Aviation Battery Co. Ltd. (CALB), Contemporary Amperex Technology Co. Ltd. (CATL), EVE Energy Co. Ltd., FinDreams Battery Co. Ltd. and SVOLT Energy Technology Co. Ltd. (SVOLT) (sorted alphabetically).
China EV Battery Pack Market Leaders
China Aviation Battery Co. Ltd. (CALB)
Contemporary Amperex Technology Co. Ltd. (CATL)
EVE Energy Co. Ltd.
FinDreams Battery Co. Ltd.
SVOLT Energy Technology Co. Ltd. (SVOLT)
Other important companies include Farasis Energy (Ganzhou) Co. Ltd., Gotion High-Tech Co. Ltd., Ruipu Energy Co. Ltd., Sunwoda Electric Vehicle Battery Co. Ltd. (Sunwoda), Tianjin Lishen Battery Joint-Stock Co. Ltd. (Lishen Battery).
*Disclaimer: Major Players sorted in alphabetical order.
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China EV Battery Pack Market News
- June 2023: CATL announced the signing of a strategic cooperation framework agreement with the Shenzhen Municipal People’s Government. The two parties will focus on such key fields as New Energy Vehicle battery swapping, electric ships, new energy storage, green parks, financial services, and trade for all-round cooperation.
- May 2023: Changan Auto recently disclosed that the battery cell joint venture (JV) between it and CATL will complete registration in the first half of 2023. The JV will mainly be engaged in the production and manufacturing of power battery cells and is expected to be commissioned within 2023, with an annual capacity as high as 25 GWh.
- May 2023: CATL announced the holding of a bank-enterprise strategic cooperation agreement signing ceremony with the Agricultural Bank of China (ABC). With the agreement signed, the two parties will deepen cooperation to continuously innovate cooperation models in such fields as battery swapping business, overseas and domestic businesses, and green electricity and energy storage businesses.
Free with this Report
Our comprehensive data set offers over 120 free charts, providing detailed regional and country-level insights into the EV battery pack industry. This includes analyses of distribution and production centers, variations in average selling prices (ASPs) across different regions, and a deep dive into industry trends like demand shifts and technological innovations. We also offer a thorough market segmentation, examining different battery chemistries, capacities, and form factors, alongside an in-depth understanding of market trends such as the adoption of advanced technologies and the impact of environmental regulations. Additionally, we provide an overview of major industry players, a look at the regulatory landscape, and market size analysis in terms of revenue and volume, all culminating in projections and forecasts that consider emerging trends and potential industry shifts.
China EV Battery Pack Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 Electric Vehicle Sales
- 4.2 Electric Vehicle Sales By OEMs
- 4.3 Best-selling EV Models
- 4.4 OEMs With Preferable Battery Chemistry
- 4.5 Battery Pack Price
- 4.6 Battery Material Cost
- 4.7 Price Chart Of Different Battery Chemistry
- 4.8 Who Supply Whom
- 4.9 EV Battery Capacity And Efficiency
- 4.10 Number Of EV Models Launched
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4.11 Regulatory Framework
- 4.11.1 China
- 4.12 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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5.1 Body Type
- 5.1.1 Bus
- 5.1.2 LCV
- 5.1.3 M&HDT
- 5.1.4 Passenger Car
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5.2 Propulsion Type
- 5.2.1 BEV
- 5.2.2 PHEV
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5.3 Battery Chemistry
- 5.3.1 LFP
- 5.3.2 NCA
- 5.3.3 NCM
- 5.3.4 NMC
- 5.3.5 Others
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5.4 Capacity
- 5.4.1 15 kWh to 40 kWh
- 5.4.2 40 kWh to 80 kWh
- 5.4.3 Above 80 kWh
- 5.4.4 Less than 15 kWh
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5.5 Battery Form
- 5.5.1 Cylindrical
- 5.5.2 Pouch
- 5.5.3 Prismatic
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5.6 Method
- 5.6.1 Laser
- 5.6.2 Wire
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5.7 Component
- 5.7.1 Anode
- 5.7.2 Cathode
- 5.7.3 Electrolyte
- 5.7.4 Separator
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5.8 Material Type
- 5.8.1 Cobalt
- 5.8.2 Lithium
- 5.8.3 Manganese
- 5.8.4 Natural Graphite
- 5.8.5 Nickel
- 5.8.6 Other Materials
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 6.4.1 China Aviation Battery Co. Ltd. (CALB)
- 6.4.2 Contemporary Amperex Technology Co. Ltd. (CATL)
- 6.4.3 EVE Energy Co. Ltd.
- 6.4.4 Farasis Energy (Ganzhou) Co. Ltd.
- 6.4.5 FinDreams Battery Co. Ltd.
- 6.4.6 Gotion High-Tech Co. Ltd.
- 6.4.7 Ruipu Energy Co. Ltd.
- 6.4.8 Sunwoda Electric Vehicle Battery Co. Ltd. (Sunwoda)
- 6.4.9 SVOLT Energy Technology Co. Ltd. (SVOLT)
- 6.4.10 Tianjin Lishen Battery Joint-Stock Co. Ltd. (Lishen Battery)
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR EV BATTERY PACK CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- ELECTRIC VEHICLE SALES, BY BODY TYPE, UNITS, CHINA, 2017 - 2029
- Figure 2:
- ELECTRIC VEHICLE SALES, BY MAJOR OEMS, UNITS, CHINA, 2023
- Figure 3:
- ELECTRIC VEHICLE SALES, BY MAJOR OEMS, UNITS, CHINA, 2023
- Figure 4:
- BEST-SELLING EV MODELS, UNITS, CHINA, 2023
- Figure 5:
- OEMS MARKET SHARE BY ELECTRIC VEHICLE BATTERY CHEMISTRY, VOLUME %, CHINA, 2023
- Figure 6:
- ELECTRIC VEHICLE BATTERY CELL AND PACK PRICE, USD, CHINA, 2017 - 2029
- Figure 7:
- ELECTRIC VEHICLE KEY BATTERY MATERIAL PRICE, BY MATERIAL, USD, CHINA, 2017 - 2029
- Figure 8:
- ELECTRIC VEHICLE BATTERY PRICE, BY BATTERY CHEMISTRY, USD, CHINA, 2017 - 2029
- Figure 9:
- EV BATTERY PACK CAPACITY AND EFFICIENCY, KM/KWH, CHINA, 2023
- Figure 10:
- UPCOMING EV MODELS, BY BODY TYPE, UNITS, CHINA, 2023
- Figure 11:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, KWH, CHINA, 2017 - 2029
- Figure 12:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, USD, CHINA, 2017 - 2029
- Figure 13:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY BODY TYPE, KWH, CHINA, 2017 - 2029
- Figure 14:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY BODY TYPE, USD, CHINA, 2017 - 2029
- Figure 15:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BODY TYPE, VOLUME SHARE (%), CHINA, 2022 & 2029
- Figure 16:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), CHINA, 2022 & 2029
- Figure 17:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY BUS, KWH, CHINA, 2017 - 2029
- Figure 18:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY BUS, USD, CHINA, 2017 - 2029
- Figure 19:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), CHINA, 2017-2029
- Figure 20:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY LCV, KWH, CHINA, 2017 - 2029
- Figure 21:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY LCV, USD, CHINA, 2017 - 2029
- Figure 22:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), CHINA, 2017-2029
- Figure 23:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY M&HDT, KWH, CHINA, 2017 - 2029
- Figure 24:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY M&HDT, USD, CHINA, 2017 - 2029
- Figure 25:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), CHINA, 2017-2029
- Figure 26:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY PASSENGER CAR, KWH, CHINA, 2017 - 2029
- Figure 27:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY PASSENGER CAR, USD, CHINA, 2017 - 2029
- Figure 28:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), CHINA, 2017-2029
- Figure 29:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY PROPULSION TYPE, KWH, CHINA, 2017 - 2029
- Figure 30:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY PROPULSION TYPE, USD, CHINA, 2017 - 2029
- Figure 31:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, PROPULSION TYPE, VOLUME SHARE (%), CHINA, 2022 & 2029
- Figure 32:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), CHINA, 2022 & 2029
- Figure 33:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY BEV, KWH, CHINA, 2017 - 2029
- Figure 34:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY BEV, USD, CHINA, 2017 - 2029
- Figure 35:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), CHINA, 2017-2029
- Figure 36:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY PHEV, KWH, CHINA, 2017 - 2029
- Figure 37:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY PHEV, USD, CHINA, 2017 - 2029
- Figure 38:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), CHINA, 2017-2029
- Figure 39:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY BATTERY CHEMISTRY, KWH, CHINA, 2017 - 2029
- Figure 40:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY BATTERY CHEMISTRY, USD, CHINA, 2017 - 2029
- Figure 41:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BATTERY CHEMISTRY, VOLUME SHARE (%), CHINA, 2022 & 2029
- Figure 42:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BATTERY CHEMISTRY, VALUE SHARE (%), CHINA, 2022 & 2029
- Figure 43:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY LFP, KWH, CHINA, 2017 - 2029
- Figure 44:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY LFP, USD, CHINA, 2017 - 2029
- Figure 45:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), CHINA, 2017-2029
- Figure 46:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY NCA, KWH, CHINA, 2017 - 2029
- Figure 47:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY NCA, USD, CHINA, 2017 - 2029
- Figure 48:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), CHINA, 2017-2029
- Figure 49:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY NCM, KWH, CHINA, 2017 - 2029
- Figure 50:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY NCM, USD, CHINA, 2017 - 2029
- Figure 51:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), CHINA, 2017-2029
- Figure 52:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY NMC, KWH, CHINA, 2017 - 2029
- Figure 53:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY NMC, USD, CHINA, 2017 - 2029
- Figure 54:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), CHINA, 2017-2029
- Figure 55:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY OTHERS, KWH, CHINA, 2017 - 2029
- Figure 56:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY OTHERS, USD, CHINA, 2017 - 2029
- Figure 57:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), CHINA, 2017-2029
- Figure 58:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY CAPACITY, KWH, CHINA, 2017 - 2029
- Figure 59:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY CAPACITY, USD, CHINA, 2017 - 2029
- Figure 60:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, CAPACITY, VOLUME SHARE (%), CHINA, 2022 & 2029
- Figure 61:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, CAPACITY, VALUE SHARE (%), CHINA, 2022 & 2029
- Figure 62:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY 15 KWH TO 40 KWH, KWH, CHINA, 2017 - 2029
- Figure 63:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY 15 KWH TO 40 KWH, USD, CHINA, 2017 - 2029
- Figure 64:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), CHINA, 2017-2029
- Figure 65:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY 40 KWH TO 80 KWH, KWH, CHINA, 2017 - 2029
- Figure 66:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY 40 KWH TO 80 KWH, USD, CHINA, 2017 - 2029
- Figure 67:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), CHINA, 2017-2029
- Figure 68:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY ABOVE 80 KWH, KWH, CHINA, 2017 - 2029
- Figure 69:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY ABOVE 80 KWH, USD, CHINA, 2017 - 2029
- Figure 70:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), CHINA, 2017-2029
- Figure 71:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY LESS THAN 15 KWH, KWH, CHINA, 2017 - 2029
- Figure 72:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY LESS THAN 15 KWH, USD, CHINA, 2017 - 2029
- Figure 73:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), CHINA, 2017-2029
- Figure 74:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY BATTERY FORM, KWH, CHINA, 2017 - 2029
- Figure 75:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY BATTERY FORM, USD, CHINA, 2017 - 2029
- Figure 76:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BATTERY FORM, VOLUME SHARE (%), CHINA, 2022 & 2029
- Figure 77:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BATTERY FORM, VALUE SHARE (%), CHINA, 2022 & 2029
- Figure 78:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY CYLINDRICAL, KWH, CHINA, 2017 - 2029
- Figure 79:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY CYLINDRICAL, USD, CHINA, 2017 - 2029
- Figure 80:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), CHINA, 2017-2029
- Figure 81:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY POUCH, KWH, CHINA, 2017 - 2029
- Figure 82:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY POUCH, USD, CHINA, 2017 - 2029
- Figure 83:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), CHINA, 2017-2029
- Figure 84:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY PRISMATIC, KWH, CHINA, 2017 - 2029
- Figure 85:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY PRISMATIC, USD, CHINA, 2017 - 2029
- Figure 86:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), CHINA, 2017-2029
- Figure 87:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY METHOD, KWH, CHINA, 2017 - 2029
- Figure 88:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY METHOD, USD, CHINA, 2017 - 2029
- Figure 89:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, METHOD, VOLUME SHARE (%), CHINA, 2022 & 2029
- Figure 90:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, METHOD, VALUE SHARE (%), CHINA, 2022 & 2029
- Figure 91:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY LASER, KWH, CHINA, 2017 - 2029
- Figure 92:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY LASER, USD, CHINA, 2017 - 2029
- Figure 93:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), CHINA, 2017-2029
- Figure 94:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY WIRE, KWH, CHINA, 2017 - 2029
- Figure 95:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY WIRE, USD, CHINA, 2017 - 2029
- Figure 96:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), CHINA, 2017-2029
- Figure 97:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY COMPONENT, UNITS, CHINA, 2017 - 2029
- Figure 98:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY COMPONENT, USD, CHINA, 2017 - 2029
- Figure 99:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, COMPONENT, VOLUME SHARE (%), CHINA, 2022 & 2029
- Figure 100:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, COMPONENT, VALUE SHARE (%), CHINA, 2022 & 2029
- Figure 101:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY ANODE, UNITS, CHINA, 2017 - 2029
- Figure 102:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY ANODE, USD, CHINA, 2017 - 2029
- Figure 103:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), CHINA, 2017-2029
- Figure 104:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY CATHODE, UNITS, CHINA, 2017 - 2029
- Figure 105:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY CATHODE, USD, CHINA, 2017 - 2029
- Figure 106:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), CHINA, 2017-2029
- Figure 107:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY ELECTROLYTE, UNITS, CHINA, 2017 - 2029
- Figure 108:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY ELECTROLYTE, USD, CHINA, 2017 - 2029
- Figure 109:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), CHINA, 2017-2029
- Figure 110:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY SEPARATOR, UNITS, CHINA, 2017 - 2029
- Figure 111:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY SEPARATOR, USD, CHINA, 2017 - 2029
- Figure 112:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), CHINA, 2017-2029
- Figure 113:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY MATERIAL TYPE, KG, CHINA, 2017 - 2029
- Figure 114:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY MATERIAL TYPE, USD, CHINA, 2017 - 2029
- Figure 115:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, MATERIAL TYPE, VOLUME SHARE (%), CHINA, 2022 & 2029
- Figure 116:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, MATERIAL TYPE, VALUE SHARE (%), CHINA, 2022 & 2029
- Figure 117:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY COBALT, KG, CHINA, 2017 - 2029
- Figure 118:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY COBALT, USD, CHINA, 2017 - 2029
- Figure 119:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), CHINA, 2017-2029
- Figure 120:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY LITHIUM, KG, CHINA, 2017 - 2029
- Figure 121:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY LITHIUM, USD, CHINA, 2017 - 2029
- Figure 122:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), CHINA, 2017-2029
- Figure 123:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY MANGANESE, KG, CHINA, 2017 - 2029
- Figure 124:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY MANGANESE, USD, CHINA, 2017 - 2029
- Figure 125:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), CHINA, 2017-2029
- Figure 126:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY NATURAL GRAPHITE, KG, CHINA, 2017 - 2029
- Figure 127:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY NATURAL GRAPHITE, USD, CHINA, 2017 - 2029
- Figure 128:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), CHINA, 2017-2029
- Figure 129:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY NICKEL, KG, CHINA, 2017 - 2029
- Figure 130:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY NICKEL, USD, CHINA, 2017 - 2029
- Figure 131:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), CHINA, 2017-2029
- Figure 132:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY OTHER MATERIALS, KG, CHINA, 2017 - 2029
- Figure 133:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BY OTHER MATERIALS, USD, CHINA, 2017 - 2029
- Figure 134:
- BREAKDOWN OF CHINA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), CHINA, 2017-2029
- Figure 135:
- CHINA EV BATTERY PACK MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2020 - 2022
- Figure 136:
- CHINA EV BATTERY PACK MARKET, MOST ADOPTED STRATEGIES, 2020 - 2022
- Figure 137:
- CHINA EV BATTERY PACK MARKET SHARE(%), BY MAJOR PLAYER REVENUE, 2023
China EV Battery Pack Industry Segmentation
Bus, LCV, M&HDT, Passenger Car are covered as segments by Body Type. BEV, PHEV are covered as segments by Propulsion Type. LFP, NCA, NCM, NMC, Others are covered as segments by Battery Chemistry. 15 kWh to 40 kWh, 40 kWh to 80 kWh, Above 80 kWh, Less than 15 kWh are covered as segments by Capacity. Cylindrical, Pouch, Prismatic are covered as segments by Battery Form. Laser, Wire are covered as segments by Method. Anode, Cathode, Electrolyte, Separator are covered as segments by Component. Cobalt, Lithium, Manganese, Natural Graphite, Nickel are covered as segments by Material Type.
- China is one of the global leaders in the electrification of vehicles. The country also has a very big name in the battery industry. The country has witnessed tremendous growth in the sales of electric vehicles over the past few years. Higher production of electric vehicles, stringent government norms, and a high adoption rate of electric vehicles to control carbon emissions enhanced the demand for electric vehicles in 2021 over 2017 in the country.
- The demand for battery electric vehicles is higher compared to the PHEV. The majority of the market, i.e., around 70% of the sales in overall electric vehicles, was acquired by battery electric vehicles compared to around 28% of the plug-in hybrid electric vehicles in 2022. Vehicles using plug-in hybrid technology may switch between using fuel or batteries, giving them an advantage over fully electric vehicles in terms of range anxiety, which is also gradually attracting customers as the sales of PHEV registered a growth of around 32% in 2022 over 2021. As a result, lithium-ion batteries used in electric vehicles grew in 2022 over 2021 in China.
- In addition to the demand for battery electric vehicles, the need for lithium-ion batteries is rising. Moreover, various companies are launching new electric vehicles. In March 2023, Polestar launched its new electric SUV, which will provide a battery range of around 315 miles (563 kms). Such new launches are expected to boost the demand for electric car batteries during the forecast period in China.
| Body Type | Bus |
| LCV | |
| M&HDT | |
| Passenger Car | |
| Propulsion Type | BEV |
| PHEV | |
| Battery Chemistry | LFP |
| NCA | |
| NCM | |
| NMC | |
| Others | |
| Capacity | 15 kWh to 40 kWh |
| 40 kWh to 80 kWh | |
| Above 80 kWh | |
| Less than 15 kWh | |
| Battery Form | Cylindrical |
| Pouch | |
| Prismatic | |
| Method | Laser |
| Wire | |
| Component | Anode |
| Cathode | |
| Electrolyte | |
| Separator | |
| Material Type | Cobalt |
| Lithium | |
| Manganese | |
| Natural Graphite | |
| Nickel | |
| Other Materials |
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Market Definition
- Battery Chemistry - Various types of battery chemistry considred under this segment include LFP, NCA, NCM, NMC, Others.
- Battery Form - The types of battery forms offered under this segment include Cylindrical, Pouch and Prismatic.
- Body Type - Body types considered under this segment include, passenger cars, LCV (light commercial vehicle), M&HDT (medium & heavy duty trucks)and buses.
- Capacity - Various types of battery capacities inldude under theis segment are 15 kWH to 40 kWH, 40 kWh to 80 kWh, Above 80 kWh and Less than 15 kWh.
- Component - Various components covered under this segment include anode, cathode, electrolyte, separator.
- Material Type - Various material covered under this segment include cobalt, lithium, manganese, natural graphite, nickel, other material.
- Method - The types of method covered under this segment include laser and wire.
- Propulsion Type - Propulsion types considered under this segment include BEV (Battery electric vehicles), PHEV (plug-in hybrid electric vehicle).
- ToC Type - ToC 1
- Vehicle Type - Vehicle type considered under this segment include passenger vehicles, and commercial vehicles with various EV powertrains.
| Keyword | Definition |
|---|---|
| Electric vehicle (EV) | A vehicle which uses one or more electric motors for propulsion. Includes cars, buses, and trucks. This term includes all-electric vehicles or battery electric vehicles and plug-in hybrid electric vehicles. |
| PEV | A plug-in electric vehicle is an electric vehicle that can be externally charged and generally includes all electric vehicles as well as plug-electric vehicles as well as plug-in hybrids. |
| Battery-as-a-Service | A business model in which the battery of an EV can be rented from a service provider or swapped with another battery when it runs out of charge |
| Battery Cell | The basic unit of an electric vehicle's battery pack, typically a lithium-ion cell, that stores electrical energy. |
| Module | A subsection of an EV battery pack, consisting of several cells grouped together, often used to facilitate manufacturing and maintenance. |
| Battery Management System (BMS) | An electronic system that manages a rechargeable battery by protecting the battery from operating outside its safe operating area, monitoring its state, calculating secondary data, reporting data, controlling its environment, and balancing it. |
| Energy Density | A measure of how much energy a battery cell can store in a given volume, usually expressed in watt-hours per liter (Wh/L). |
| Power Density | The rate at which energy can be delivered by the battery, often measured in watts per kilogram (W/kg). |
| Cycle Life | The number of complete charge-discharge cycles a battery can perform before its capacity falls under a specified percentage of its original capacity. |
| State of Charge (SOC) | A measurement, expressed as a percentage, that represents the current level of charge in a battery compared to its capacity. |
| State of Health (SOH) | An indicator of the overall condition of a battery, reflecting its current performance compared to when it was new. |
| Thermal Management System | A system designed to maintain optimal operating temperatures for an EV's battery pack, often using cooling or heating methods. |
| Fast Charging | A method of charging an EV battery at a much faster rate than standard charging, typically requiring specialized charging equipment. |
| Regenerative Braking | A system in electric and hybrid vehicles that recovers energy normally lost during braking and stores it in the battery. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all its reports.
- Step-1: Identify Key Variables: To build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
- Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. Market revenue is calculated by multiplying the volume demand with volume-weighted average battery pack price (per kWh). Battery pack price estimation and forecast takes into account various factors affecting ASP, such as inflation rates, market demand shifts, production costs, technological developments, and consumer preferences, providing estimations for both historical data and future trends.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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