Global Lithium Battery for Passenger Car Market Growth 2025-2031

The global Lithium Battery for Passenger Car market size is predicted to grow from US$ 47570 million in 2025 to US$ 145180 million in 2031; it is expected to grow at a CAGR of 20.4% from 2025 to 2031.

The global passenger xEV (BEVs, PHEVs, HEVs) battery market is currently doubling year-over-year, reaching staggering new levels. Following a blistering fourth quarter, 2021 saw a record 286.1 GWh of passenger EV battery capacity deployed onto roads globally, a remarkable 101.5% increase over 2020 as EV sales, especially battery electric vehicle (“BEV”) and plug-in hybrid electric vehicle (“PHEV”) sales, surged year-over-year.

Top 2 manufacturers of lithium battery for passenger car in global are CATL and LG Energy Solution. These 2 companies account for over 50% of total market share. Geographically speaking, Asia-Pacific is the largest market, accounting for over half of the global market share. In terms of type, the NCM/NCA segment holds a dominant share of over 80%. In terms of application, BEV segment is the largest market, accounting for over 85% of total market share.

LP Information, Inc. (LPI) ' newest research report, the “Lithium Battery for Passenger Car Industry Forecast” looks at past sales and reviews total world Lithium Battery for Passenger Car sales in 2024, providing a comprehensive analysis by region and market sector of projected Lithium Battery for Passenger Car sales for 2025 through 2031. With Lithium Battery for Passenger Car sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Lithium Battery for Passenger Car industry.

This Insight Report provides a comprehensive analysis of the global Lithium Battery for Passenger Car landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Lithium Battery for Passenger Car portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Lithium Battery for Passenger Car market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lithium Battery for Passenger Car and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Lithium Battery for Passenger Car.

This report presents a comprehensive overview, market shares, and growth opportunities of Lithium Battery for Passenger Car market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
NCM/NCA
LFP
Others

Segmentation by Application:
BEV
PHEV
HEV

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Panasonic
LG Energy Solution
Samsung SDI
SK Innovation
CATL
BYD
CALB
Gotion High-tech

Key Questions Addressed in this Report

What is the 10-year outlook for the global Lithium Battery for Passenger Car market?

What factors are driving Lithium Battery for Passenger Car market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Lithium Battery for Passenger Car market opportunities vary by end market size?

How does Lithium Battery for Passenger Car break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.