The 10 Biggest Battery COMPANIES In the World in 2023

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In 2023, the production growth rate for batteries designed for light electric vehicles, including cars, SUVs, LCVs, and pickup trucks, surpassed that of electric vehicles (EVs) themselves. The former experienced a notable acceleration at 40%, outpacing the 35% growth rate observed in the EV market. This disparity can be attributed to the introduction of numerous models equipped with larger batteries and the trend of super-sizing batteries in existing models.

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