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China’s battery storage capacity growth likely to slow in 2024 – ET Auto

Baua Electric

“In 2024, the entire world is in a stage of reconfiguring supply chains, geopolitics are bringing new challenges to supply chains,” CNESA said in the white paper. That estimate lags the expected growth in sales of energy storage products, which will rise 35% year-on-year globally, according to the white paper.

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China’s battery storage capacity growth likely to slow in 2024 – ET Auto

Baua Electric

CNESA forecast improvements in the economics of battery energy storage in China this year, without providing specifics. Growth in China’s battery storage capacity could slow down in 2024, according to an industry association, as energy storage struggles with low profitability.

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IHS Global Insight Report Projects That Plugged-in Vehicles Could Capture 20% of the Global Market by 2030

Green Car Congress

Plug-in electric vehicles—plug-in hybrids and full battery-powered—will represent nearly 20% of the global market for light vehicles in 2030, according to findings in a study on the business case for Plugged-in Electric Vehicles (PEVs) by automotive industry analysts at IHS Global Insight. share for battery-electrics.

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