Results for tag: "Automotive Traction Battery"

The Automotive Traction Battery market is a subset of the Automotive Battery market, which provides power to vehicles. Automotive Traction Batteries are rechargeable batteries that are used to power electric and hybrid vehicles. They are typically composed of lithium-ion cells, which are more efficient and have a longer lifespan than traditional lead-acid batteries. Automotive Traction Batteries are designed to provide a high level of power and torque, allowing for improved acceleration and performance. They are also designed to be lightweight and compact, allowing for improved fuel efficiency. The Automotive Traction Battery market is growing rapidly due to the increasing demand for electric and hybrid vehicles. This is driven by the need for more efficient and environmentally friendly transportation solutions. Governments around the world are also providing incentives for the adoption of electric and hybrid vehicles, further driving the growth of the Automotive Traction Battery market. Some of the major companies in the Automotive Traction Battery market include Panasonic, LG Chem, BYD, Samsung SDI, and Contemporary Amperex Technology. Show Less Read more