In Short : In Australia, Plug-In Hybrid Electric Vehicles (PHEVs) have increased from approximately 10% of EV options to 25% in the last two years, greatly surpassing the rise of pure Battery Electric Vehicles (BEVs), which have remained stagnant at less than 9%.
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In Short : Some unexpected winners have emerged from China’s escalating EV pricing battle. Since 2022, the leading company BYD has been surpassed in a number of performance indicators by mid-sized automakers including Leapmotor, Xiaomi, and Xpeng, indicating a change in the way competition unfolds in the clean mobility ecosystem.
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In Short : With a compound annual growth rate (CAGR) of 3.5%, the global market for EV battery coolant is expected to develop significantly, from around US $2.09 billion in 2024 to over US $2.85 billion by 2033. Rising EV adoption and the importance of advanced thermal management in maintaining battery longevity and performance are the main causes of this increase.
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