Orion Market Research
Global Lithium-ion Battery Market Share, Size, Future
Outlook, COVID-19 Impact Analysis, Forecast 2021-2027
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Contact no: +91 780-304-0404
The global lithium-ion battery market is anticipated to grow at a considerable CAGR of around
14.6% during the forecast period (2021-2027). The factor contributing to the growth of the
market include growing partnerships among major market players to further expand the
production of lithium-ion batteries.
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For instance, in July 2020, Contemporary Amperex Technology Co., Limited (CATL), which
provides advanced battery solutions for new energy applications, has signed an agreement with
Honda Motor Co. to form a strategic alliance to promote the popularization of e-mobility.
Through this partnership, both companies have conducted joint development on new electric
vehicles to promote electric mobility. By this partnership, both companies had focused on the
supply of batteries, development for new technology, and the reuse and recycling of batteries
for new electric vehicles.
Moreover, in April 2019, Envision AESC had completed the acquisition of Automotive Energy
Supply Corporation, which was previously acquired by Nissan Motor Co., Ltd. The acquisition had
powered the stakes of all the power battery production bases operated in Japan, UK, and the US.
With these three manufacturing bases, Envision AESC has successfully provided batteries for
more than 430,000 electric vehicles with zero instances of critical mal