Electric vehicles (EVs) are making significant strides toward a green future, driven by advancements in battery technologies. With expectations that EVs could represent 20-30% of global car sales by 2030, enhancements in battery density and charging speed are pivotal. The market is currently led by China, with companies like CATL and BYD taking the forefront, while Europe and North America work to increase their domestic battery production capabilities. New technologies such as solid-state and sodium-ion batteries are anticipated to bring significant changes to the industry by 2035. The push for sustainability and innovation highlights the dynamic and rapidly evolving nature of the EV landscape.
In other market news, Anhui Jianghuai Automobile GroupLtd was a standout up 10% and closing at CN¥38.54. In the meantime, Huizhou Desay SV Automotive softened, down 3.5% to close at CN¥100.12.
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Tesla finished trading at $295.14 up 3.7%.
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Ford Motor finished trading at $10.26 up 1.6%.
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