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Global High Voltage Battery Market to Experience 25.19% CAGR During 2023-2028, Driven by EV Adoption and Technological Advances - 75 kWh-150 kWh Battery Capacity Leads the Market [Yahoo! F...
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US:NASDAQ Investor Relations: ir.tesla.com
This report on the Global High Voltage Battery Market captures its significant expansion and shows no signs of slowing down, as it is projected to exhibit a robust CAGR of 25.19% through 2028. This surge is primarily driven by the increasing demand for electric vehicles (EVs), advancements in battery technology, and a global push towards renewable energy integration. The industry, valued at USD 15.08 billion in 2022, is on course to continue its trajectory of growth and innovation. The vibrant Asia Pacific region, constituting over 60% of the global market share, continues to lead, propelled by the world's largest EV market—China, and other burgeoning markets such as India and South Korea. The North American market, buoyed by prominent EV manufacturers and a supportive government policy framework, follows closely as the second-largest high voltage battery market. Highlighting key market sectors, the report delves deep into the growth trends within the 75 kWh-150 kWh segment and t
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