China: EV battery market size forecast 2021-2027
In 2021, the market size of electric vehicle battery in China reached a value of 15.7 billion U.S. dollars. It is estimated that the market size will increase with a compound annual growth rate (CAGR) of 18.11 percent from 2022 to 2027. China's electric vehicle battery market value is expected to be worth 42.5 billion U.S. dollars in 2027.