The global electric vehicle battery pack market was valued at US$ 53,745.7 Mn in 2016 and is projected to reach US$ 2,30,433.2 Mn in 2026, with a projected CAGR of 15.8% from 2017 to 2026. The Lithium-Ion battery segment in the global electric vehicle battery pack market is estimated to account for the major revenue share of 67.2% in 2017. One of the trends driving market growth is increasing demand for lithium-ion battery packs by a range of end users owing to factors such as high energy density consuming less power, no necessity for priming, and lower maintenance costs. Some Key Players: Panasonic, Contemporary Amperex Technology, Optimum Nano Energy, Lithium Energy Japan
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