The global EV Battery Testing Market is set to witness significant growth, expanding from $4 billion in 2025 to $9.4 billion by 2030, with a CAGR of 18.4%. This growth is driven by factors such as the adoption of higher voltage batteries, increasing EV sales, advances in battery technologies, and stringent safety regulations. As electric mobility accelerates worldwide, particularly in regions like North America, Europe, and Asia-Pacific, the demand for specialized and comprehensive battery testing solutions is rising. The report highlights the importance of innovative testing methods, including AI-driven diagnostics and robotic systems, to ensure safety and performance, addressing challenges such as battery fires and thermal runaway.
In other market news, XPeng was a standout up 9.6% and ending the day at $23.89. In the meantime, Legrand lagged, down 12.2% to end trading at €129.25. This week, the company confirmed full-year 2025 earnings guidance with expected sales growth of 10% to 12% excluding currency effects.
-
NIO closed at $7.16 down 1.8%.
-
Tesla settled at $445.91 down 3.5%. On Wednesday, Tesla’s major investors supported Elon Musk’s $1 trillion stock compensation package at the annual shareholders meeting.
-
QuantumScape ended the day at $15.90 down 6.9%.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Sources: