China EV traction motor market size forecast 2021-2027
In 2021, the market size of electric vehicle traction motor in China reached a value of 820 million U.S. dollars. It is estimated that the market size will increase with a compound annual growth rate (CAGR) of 24.8 percent from 2022 to 2027. China's electric vehicle traction market value in 2027 is expected to exceed 3.3 billion U.S. dollars.