Global Lithium Ion Battery Market Key Industry Players Including Panasonic, Tesla, Samsung, GS Yuasa, Hitachi Chemical, A123 Systems, Philips
Growing adoption of electric vehicles coupled with government initiatives to promote sustainable energy utilization will drive the lithium ion battery market size. In 2015, electric car registrations witnessed a 70% increase from the previous year with 550,000 vehicles sold across the globe. According to EIA, China and the U.S accounted for 336 and 159 thousand electric vehicle sales respectively in 2016.
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