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Electric Vehicle Battery Pack Market Set for 6x Growth—What’s Fueling the Boom?

According to QY Research, the global electric vehicle (EV) battery pack market was valued at USD 81,200 million in 2024 and is projected to reach approximately USD 489,880 million by 2031, growing at a compound annual growth rate (CAGR) of 29.7% during the forecast period from 2025 to 2031.

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