Assembled car battery market share -Lithium - Ion Battery Equipment
Chinese battery companies have invested and built factories in Bangladesh, and their assembled car batteries have accounted for 50% of the local market share. At present, Bangladesh exports batteries to about 60 countries, and the export value has reached 40 million to 50 million US dollars. The Bangladeshi government gives 15% cash incentives to car battery exporters.
According to a recent report by the Bangladeshi newspaper The Independent, last year, the size of Bangladesh's automotive battery market reached 60 billion taka, and demand has risen rapidly. Due to the strong demand for electric rickshaws, simple bicycles, hybrid and electric vehicles, the size of the automotive battery market has increased by an average of nearly 20%-25% annually since 2013.
Chinese battery companies have invested and built factories in Bangladesh, and their assembled car batteries have accounted for 50% of the local market share. At present, Bangladesh exports batteries to about 60 countries, and the export value has reached 40 million to 50 million US dollars. The Bangladeshi government gives 15% cash incentives to car battery exporters. But the proportion of illegally recycled batteries is also rising rapidly, posing a huge threat to the automotive battery industry in Bangladesh.(Lithium - Ion Battery Equipment)
In addition, the Bangladeshi government will allow the import of used hybrid vehicles from this fiscal year and cut surcharges due to the lower carbon emissions of hybrid vehicles. Therefore, the market demand for hybrid vehicle batteries is increasing, but Meng has not yet mastered the relevant technology, and no local company can produce such batteries.
According to a recent report by the Bangladeshi newspaper The Independent, last year, the size of Bangladesh's automotive battery market reached 60 billion taka, and demand has risen rapidly. Due to the strong demand for electric rickshaws, simple bicycles, hybrid and electric vehicles, the size of the automotive battery market has increased by an average of nearly 20%-25% annually since 2013.
Chinese battery companies have invested and built factories in Bangladesh, and their assembled car batteries have accounted for 50% of the local market share. At present, Bangladesh exports batteries to about 60 countries, and the export value has reached 40 million to 50 million US dollars. The Bangladeshi government gives 15% cash incentives to car battery exporters. But the proportion of illegally recycled batteries is also rising rapidly, posing a huge threat to the automotive battery industry in Bangladesh.(Lithium - Ion Battery Equipment)
In addition, the Bangladeshi government will allow the import of used hybrid vehicles from this fiscal year and cut surcharges due to the lower carbon emissions of hybrid vehicles. Therefore, the market demand for hybrid vehicle batteries is increasing, but Meng has not yet mastered the relevant technology, and no local company can produce such batteries.
