Mark H.L. Lu, PhD, Senior Industrial Analyst, Industrial Economics & Knowledge Center, Industrial Technology Research Institute
Although COVID-19 continues to affect the global electric vehicle market, Chinese NEV market has gradually returned to growth pace due to the extension of the subsidy policy and the continuous implementation of the originally planned stimulus. It is expected that in 2020, battery demand will be maintained same scale as in 2019. This report will discuss possible changes in Chinese xEV battery market and technology trends by 2025.