EV Market Set For 20-23% Growth, Led By China-Based Companies Like Nio, XPeng, Li Auto: JPMorgan

Benzinga ·  May 17 23:04

The recent North American Battery Series, hosted by J.P. Morgan, provided crucial insights into the battery industry's future. The event featured experts and corporations from various segments of the battery value chain. Key themes emerged, shedding light on the industry's trajectory, innovation focus, and supply chain strategies.

EV Sales Projected To Grow 20%-23% YoY In 2024

J.P. Morgan's Global EV Battery team, led byParsley Ong, shared an optimistic outlook for global EV sales, projecting a 20%-23% year-over-year growth in 2024.

China will lead this growth, while the U.S. and European markets will align with more...

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