Automotive Lithium Ion Battery Pack Market Is Projected to Reflect a CAGR of 12.5% over the Forecast Period, 2017-2026
Preference for cost-effective and environment-friendly options in the automotive industry has led to an upsurge in demand of hybrid and plug-in hybrid vehicles. In addition, imposition of various government regulations is projected to impact the global market growth positively. Persistence Market Research states that the global market of automotive lithium ion battery pack is projected to reflect a CAGR of 12.5% over the forecast period, 2017-2026.
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