Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizen Pianhua Yixiao oO for the clue delivery! April 12 news, according to foreign media reports, with the continuous progress of technology, the improvement of charging facilities, the promotion of purchase willingness, the demand for electric vehicles is increasing, sales continue to increase, the scale of global electric vehicles is also expanding.

SNE Research predicts in its report that the global electric vehicle market will grow to $121 billion this year (CTOnews.com notes: currently about 833.69 billion yuan) and reach $616 billion in 2035 (currently about 4.24 trillion yuan), which will be five times that of this year.

The expansion of the electric vehicle market also means that the demand for key components such as batteries will increase, and the agency also mentioned that the global demand for electric vehicle batteries increased from 28GWh (gigawatt hours) in 2015 to 492GWh last year. It will reach 687 GWh this year and 5.3 TWh in 2035.

The research institute also specifically mentioned in the report that in terms of batteries, the six major manufacturers, including LG New Energy, Samsung SDI, SK On, etc., will occupy a considerable share in the future. It is estimated that among the 5.3 TWh required in 2035, the top six manufacturers are expected to reach 5 TWh.

The latest figures show that electric vehicle penetration (the proportion of electric vehicles in total car sales) was only about 1% between 2015 and 2017, compared with 13% last year. It is predicted that the global sales volume of electric vehicles in 2035 will be about 80 million, and the penetration rate is expected to reach about 90%.

As countries pay more attention to electric vehicles and battery production, more and more batteries will be produced. The proportion of batteries produced in the United States is expected to increase from 6% today to 31% in 2035, and the proportion of batteries produced in Europe is expected to increase from 12% to 27%.

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