The electric vehicle (EV) batteries plant construction market is experiencing rapid growth due to the escalating demand for EVs and advancements in battery technology. With a forecasted expansion from $11.51 billion in 2025 to $19.2 billion by 2030, the market is driven by factors such as government incentives, policy-driven investments in gigafactories, and the localization of supply chains. Strategic partnerships, such as the collaboration between Stellantis N.V. and CATL on a carbon-neutral battery facility in Spain, underscore the industry’s commitment to sustainable mobility. Meanwhile, Asia-Pacific remains the leading region in this market, though challenges like shifting trade relations and tariffs require adaptation in sourcing and construction strategies.
Elsewhere in the market, Hyundai Motor was trading firmly up 14.6% and finishing the session at ₩549,000. Meanwhile, Walsin Lihwa lagged, down 6.5% to finish the session at NT$39.65.
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Companies discussed in this article include KOSE:A005380 BIT:STLAM NasdaqGS:TSLA and TWSE:1605.
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