The Lion Electric & Company announced the completion of its first pack of lithium-Ion batteries at the facility located in Mirabel, Quebec. The Lion5 truck and the LionAmbulance, which are anticipated to enter commercial production in the first half of 2023, will be powered by the first batteries made in Mirabel.
Celgard LLC announced the strategic collaboration with C4V to progress the creation of high-performance, high voltage battery cells of the next generation. The company also aims at development of separator solution for the lithium-ion battery market
Author Credits: Payel Roy, Dhruv Bhatia
Report ID: 4779
Published Date: Apr 03, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The growing demand in the automobile industry and increasing demand for electric vehicles are some of the major factors anticipated to drive the growth of the high voltage battery market.
The market is anticipated to attain a CAGR of ~39% over the forecast period, i.e., 2023-2035.
The major players in the market are Hoppecke Batterien GmbH & Co. KG., Leoch International Technology Ltd., SK Innovations Co. Ltd., SVOLT Energy Technology Co., Ltd., Honda Motors Co., Ltd., LG Energy Solution Ltd., Contemporary Amperex Technology Co. Limited, and others.
The lithium-ion battery segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in Asia Pacific is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.