This Week In Electric Vehicles - Battery Market's Billion-Dollar Surge Powers Global Growth

The global electric vehicle (EV) battery market is poised for significant growth, with projections indicating an increase from USD 103.04 billion in 2026 to USD 168.95 billion by 2035, driven by a compound annual growth rate of 5.6%. This expansion is fueled by the rising adoption of battery electric vehicles (BEVs), decreased battery pack prices, investments in local manufacturing, and advancements in fast-charging technologies and battery architectures. The 50-110 kWh battery capacity segment is anticipated to lead the market, balancing driving range, cost, and performance for mass-market and premium vehicles. Europe is expected to maintain a substantial market share due to regulatory support and substantial investments in the regional battery ecosystem.

In other market news, Zebra Technologies (NasdaqGS:ZBRA) was trading firmly up 26.5% and ending trading at $368.83, hovering around its 52-week high. Two days ago, Zebra reported strong earnings growth with a 20.4% increase in quarterly revenue and provided optimistic sales growth guidance for Q3 and FY2026. Meanwhile, Aptiv (NYSE:APTV) softened, down 16.6% to end the day at $47.72, not far from its 52-week low. This week, Aptiv provided third-quarter earnings guidance and reported lower second-quarter net income compared to last year.

Aptiv's focus on ADAS and high-margin software is set to rapidly enhance profits despite market challenges. Discover the full narrative on Aptiv to learn more about its strategic positioning.

Don't miss our Market Insights article on Electric Vehicles, highlighting Ferrari's EV launch and the enduring value of brands. Read it now!

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• Tesla (NasdaqGS:TSLA) finished trading at $327.35 up 1.6%.

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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
• "EV Battery Market to Reach $168.95 Billion by 2035 as BEV Adoption Accelerates - Insights by Battery Type, Vehicle Type, Propulsion, Battery Form, Material Type, Battery Capacity, Method, Li-ion Battery Type" from Research and Markets on GlobeNewswire (published 04 August 2026)

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