The Chinese hybrid electric vehicle (HEV) battery market is poised for significant growth as the adoption of electric vehicles increases and lithium-ion battery prices drop. Lithium-ion technology dominates the market due to its high energy density and reliability, driving competition among key players like LG Energy, Toshiba, and BYD. While alternative technologies such as battery electric vehicles present challenges, advancements in battery technology, including faster charging times and improved safety, promise new opportunities. China's government is actively investing in next-generation battery tech, fostering an environment conducive to the growth of hybrid electric vehicles, especially within the passenger car segment. This dynamic market evolution reflects a broader trend towards sustainable transportation solutions driven by both economic and environmental factors.
- BYD (SEHK:1211) last closed at HK$415.60 up 7.4%, close to the 52-week high.
Elsewhere in the market, AVIC Chengdu Aircraft (SZSE:302132) was a notable mover up 20% and ending the day at CN¥95.86, hovering around its 52-week high. In the meantime, Samvardhana Motherson International (BSE:517334) lagged, down 2.3% to close at ₹137.95.
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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:
- Simply Wall St
- "China Hybrid Electric Vehicle Battery Market Share, Industry Trends & Growth Forecasts (2025-2030) | Lithium-Ion Batteries Lead China's Hybrid EV Revolution Amidst Plummeting Prices" from Research and Markets on GlobeNewswire (published 09 May 2025)
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