
The global passenger xEV (BEVs, PHEVs, HEVs) battery market continued to expand quickly in 2023, partially thanks to record vehicle sales and partially because the average battery capacity is increasing.

The global passenger xEV (BEVs, PHEVs, HEVs) battery market continued to expand quickly in 2023, partially thanks to record vehicle sales and partially because the average battery capacity is increasing.