Energy & Chemicals

Analysis on Global and China’s Power Battery Markets in 2019

From the perspective of development framework, the U.S. and Japan lead in the R&D of and scientific and technological innovation in power battery materials, while China, South Korea and Japan have the largest industry scales. Regarding market share, the power batteries produced by Chinese, South Korean and Japanese enterprises are provided to nearly 95% automobiles in the world, with Chinese batteries taking up a proportion of more than 60%. Concerning technological and industrial development, the U.S. and Japan are the leaders in technology, South Korea is the leader in engineering…

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