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Global Vehicle LiB Market Study

2011

The worldwide market for Li-ion batteries for electric vehicles has taken off. It will reach almost USD 9 billion by 2015, and may even exceed USD 50 billion by 2020 in the best case scenario.

This growth will, however, be accompanied by massive overcapacity. Over the next few years, we will see Li-ion battery production exceeding demand by more than twofold. Market consolidation will result.

The five frontrunners – AESC, LG Chem, Panasonic/Sanyo, A123 and SB LiMotive – can, between them, be expected to control almost 80% of the market by 2015.

These are the key findings of the study on the development of the global market for lithium-ion batteries in cars, light and heavy commercial vehicles as well as buses with hybrid and electric drive systems.

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