The cell-to-pack battery market is valued at USD 5,412.1 million in 2023, powered to reach a value of USD 27,871.9 million by 2030, powering at a considerable compound annual growth rate of 26.8% during 2024–2030.
This is as a result of the widespread usage of these batteries in e- vehicles, powered by the increasing environmental concerns and increasing pollution levels. This brings about an increase in the requirement for high-energy density batteries, which could boost the driving range of the vehicles.
Governments all over the world are mandating the use of e- buses in urban areas to decrease the level of pollution, boosting the requirement for cell-to-pack battery.
A single prismatic cell can hold energy up to 20 to 100 cylindrical cells. Particularly in high-power uses, effective thermal management is important to averting overheating and extending the life of the battery.
A simple battery pack construction and active automated manufacturing processes are made likely by the prismatic cell design, which can bring about higher volumes of production and cost reductions.
CATL has developed more than a few battery technologies and is working with some of the famous automakers, including Tesla and BMW, for developing advanced EVs. BYD has also developed an advanced blade battery technology, used in novel electric cars. It has partnered with Hyundai and Toyota for developing new EVs with the use of this technology.
Furthermore, the regional governments are offering financial incentives and other support for promoting the growth and acceptance of EVs. India’s EV industry is also increasing due to tech progressions and the increasing requirement for EVs.
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