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GlobalData: Global battery energy storage market to grow by 7% to reach $13.13B by 2023

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The global battery energy storage market will to grow to $13.13 Asia-Pacific (APAC) and EMEA will be the dominant markets for battery energy storage systems over the forecast period 2019-2023. The US market for battery energy storage is estimated to reach $2.96bn in 2023, accounting for 23% of the global market.

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Fujitsu and GMS partner on trial of electric tricycles in the Philippines

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Fujitsu Limited and Global Mobility Service, Inc. GMS), a venture company providing mobility services, will partner on field testing to expand the use of electric tricycles (a three-wheel taxi) in the Republic of the Philippines. The Philippines is home to more than 3.5 Electric tricycle. Background.

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Australia, Indonesia should team up for battery supply chains, ACEN CEO says – ET Auto

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“It’s worth noting that there is concentration of risk for lithium battery production, with over 70% being produced in China alone,” said, ACEN CEO Eric Francia.

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Thailand’s EV industry growing rapidly

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The ASEAN member states are Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. Electric vehicle battery production is growing in Thailand, with manufacturing plants operated by SAIC, Honda, Toyota and a recently announced Mercedes production facility.

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GlobalData: Russian nickel sanctions would slow electric vehicle adoption

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As nickel is used in the production of EV batteries, any sanctions placed on Russian nickel will cause EV manufacturing prices to increase further, threatening adoption and decarbonization. Geopolitical issues such as the Russia-Ukraine situation disturb the fine balance of battery metal supply chains.

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Cobalt Institute: cobalt market weakened since 2022 peak, but in longer term, demand will outpace supply

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Because of its exceptional properties, cobalt is expected to remain a key raw material for the entire battery supply chain, despite discussions on substitution. EVs alone supported 86% of annual demand growth while the traditional, non-battery applications accounted for just 6% of growth (with a 28% share of 2022 demand).

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Nissan, Frost & Sullivan study finds 37% of Southeast Asian consumers open to buying EV

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Customers in the Philippines, Thailand and Indonesia emerged as the most enthusiastic about electric cars. Nissan is also exploring launch in Indonesia and Philippines. billion kilometers around the world since 2010, without experiencing any critical incidents with the batteries. Click to enlarge.

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