CCM forecasts 5-fold growth in China Li-ion market by 2017 to meet EV demand
Green Car Congress
JANUARY 20, 2015
'Growing demand for electric vehicles (EVs) in China is triggering an explosion of investment in the lithium-ion battery industry, with China’s production of power lithium-ion batteries set to jump 400% by 2017, according to market research firm CCM. CCM expects China’s power lithium-ion battery market to grow from 4 billion Ah a year to 20 billion Ah a year over that period.
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