The global demand for light vehicle batteries is expected to increase by US $34 billion in the next five years

With the acceleration of global energy transformation, the strict regulation of vehicle greenhouse gas emissions is significantly promoting the growth of light vehicle battery market. According to the report recently released by international market research institution technavio, it is expected that the market share of light vehicle battery will increase by US $34.06 billion from 2021 to 2026, and the market growth momentum will accelerate with a CAGR of 12.72%.