Asia Pacific EV Battery Market to reach $120.90 billion by 2029

The Asia-Pacific EV Battery Market is expected to grow at a CAGR of 23.3% from 2022 to reach $120.90 billion by 2029. This market is largely driven by factors such as decreasing battery prices, rising adoption of EVs, and growing investment by leading automotive OEMs to secure battery supply chains for their future electric vehicles. Moreover, the increase in the deployment of battery-as-a-service provides attractive growth opportunities for market players operating in the region.