The global EV fuse market is projected to grow significantly, reaching an anticipated value of US$ 5.6 billion by 2031, according to a report by Stratview Research. This growth accompanies an annual rate of 13.9% from 2024 to 2031, driven by the increasing adoption of electric vehicles (EVs) including battery electric vehicles (BEVs) and hybrid electric vehicles (HEVs). The market segmentation includes various types of fuses used across different applications, with low-voltage fuses dominating by volume due to their widespread use, while high-voltage fuses lead by value for their roles in critical high-voltage systems. Asia-Pacific is expected to be the leading region, supported by its strong EV production infrastructure and growing EV adoption, followed by Europe, which benefits from strict regulations and increasing EV production capabilities.
Elsewhere in the market, LG Energy Solution was a notable mover up 4.9% and closing at ₩330,500. At the same time, Zebra Technologies lagged, down 17.1% to finish the session at $238.50, not far from its 52-week low.
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NIO settled at $3.74 down 1.6%, close to the 52-week low.
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Tesla finished trading at $267.28 down 5.5%. On Wednesday, the company announced it delivered 336,681 vehicles and produced 362,615 in Q1 2025, with 10.4 GWh of energy storage deployed.
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Ford Motor finished trading at $9.54 down 6%.
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