Major EV Battery Markets Aiming to Reduce Dependence on Global EV Leader China
Overview:
Chinese battery manufacturers dominate the global EV market, holding about two-thirds of the market share. This strong position stems from their control over essential raw materials and their swift adaptation to emerging technologies, allowing them to outperform other suppliers. The growing influence of major Chinese players like CATL, BYD, Gotion Hi-Tech, CALB, EVE Power, and others has prompted Western nations to respond by imposing additional tariffs on batteries, components, and raw materials sourced from China, aiming to lessen reliance on Chinese suppliers.
This report provides an in-depth examination of Western strategies to diversify and strengthen their own supply chains, such as through joint ventures and new battery manufacturing facilities in the U.S., Europe, Korea, and Japan. It also explores how Chinese EV and battery manufacturers might respond to these trade barriers, including their plans to expand into emerging markets like Southeast Asia, Latin America, parts of Europe, and Mexico. Furthermore, the report evaluates the effects of geopolitical tensions and trade restrictions on Chinese EV exports, analyzing the broader impact of these developments on the global EV market.
Table of Contents:
...Existing Subscriber?
Sign in to continue reading
New to Counterpoint?
Register to our service
Category
Contact us
Author
Abhik Mukherjee
Abhik Mukherjee is an automotive market analyst and consultant, specializing in the evaluation and assessment of leading automakers’ performance, financial metrics, and strategic approaches. Leveraging his extensive expertise in automotive trend analysis, he delivers in-depth insights, strategic analysis and industry forecasts. Before joining Counterpoint, Abhik served as an academic research analyst and holds both an M.Phil and a Master’s degree in Economics.
Related Research
Oct 29, 2024
Oct 24, 2024
Oct 24, 2024