With the expansion of the EV market, the automotive lithium-ion battery market has also expanded simultaneously. A Japanese economic research institute reported that the global automotive lithium-ion battery market is expected to reach 443GWh in 2022, an increase of 19.4% over 2021.
Among them, the market size of lithium-ion batteries for EVs is expected to increase by 18.9% year-on-year to 397.3GWh. The report also pointed out that the global automotive lithium-ion battery market is expected to break through the 1000GWh mark in 2030, and it is expected to reach 1163GWh, which will double compared to 2021. Among them, the market size of lithium-ion batteries for EVs in 2030 is also expected to exceed 1000GWh and is expected to reach 1004.2GWh, which will increase by 201% compared with 2021, accounting for nearly 90% of the overall proportion.
