Trends in the automotive high voltage battery market
OEMs are increasingly investing in assembling battery packs
The battery is one of the major components in EVs, as it influences the range which the vehicle can cover in electric mode. It is expected that the market for alternative propulsion vehicles will grow significantly in the coming years, and with it the battery market. Major trends that influence the automotive high voltage battery market are: • OEMs are increasingly investing in assembling battery packs • OEMs are investing in startups and research and development (R&D) of solid-state battery technology
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