Mexico Electric Vehicle Battery Market Size & Outlook
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Mexico electric vehicle battery market highlights
- The Mexico electric vehicle battery market generated a revenue of USD 1,814.9 million in 2024 and is expected to reach USD 5,679.7 million by 2030.
- The Mexico market is expected to grow at a CAGR of 20.9% from 2025 to 2030.
- In terms of segment, lithium-ion battery was the largest revenue generating battery type in 2024.
- Lithium-Ion Battery is the most lucrative battery type segment registering the fastest growth during the forecast period.
Electric vehicle battery market data book summary
| Market revenue in 2024 | USD 1,814.9 million |
| Market revenue in 2030 | USD 5,679.7 million |
| Growth rate | 20.9% (CAGR from 2025 to 2030) |
| Largest segment | Lithium-ion battery |
| Fastest growing segment | Lithium-Ion Battery |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lithium-Ion Battery, Lead-Acid Battery |
| Key market players worldwide | Contemporary Amperex Technology, LG Energy Solution, BYD Company, Panasonic Corporation, Samsung, SK on, Toshiba Corporation, EnerSys, Hitachi Ltd, Mitsubishi Corp |
Other key industry trends
- In terms of revenue, Mexico accounted for 3.0% of the global electric vehicle battery market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil electric vehicle battery market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 5,679.7 million by 2030.
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Electric Vehicle Battery Market Scope
Electric Vehicle Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Contemporary Amperex Technology | View profile | 10001+ | Xining, Qinghai, China, Asia | https://www.catl.com/en/ |
| Samsung | View profile | - | - | - |
| Panasonic Corporation | View profile | - | - | - |
| BYD Company | View profile | 10001+ | Shenzhen, Guangdong, China, Asia | https://en.byd.com |
| SK on | View profile | 1001-5000 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | http://eng.sk-on.com |
| LG Energy Solution | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.lgensol.com |
| EnerSys | View profile | 10797 | 2366 Bernville Road, Reading, PA, United States, 19605 | https://www.enersys.com |
| Toshiba Corporation | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | http://www.toshiba.com/tai/ |
| Mitsubishi Corp | View profile | 105267 | Mitsubishi Shoji Building 3-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8086 | https://www.mitsubishicorp.com |
| Hitachi Ltd | View profile | 322525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | http://www.hitachi.com |
Mexico electric vehicle battery market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to electric vehicle battery market will help companies and investors design strategic landscapes.
Lithium-ion battery was the largest segment with a revenue share of 67.08% in 2024. Horizon Databook has segmented the Mexico electric vehicle battery market based on lithium-ion battery, lead-acid battery covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of electric vehicle battery market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico electric vehicle battery market , including forecasts for subscribers. This country databook contains high-level insights into Mexico electric vehicle battery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico electric vehicle battery market size, by battery type, 2018-2030 (US$M)
Mexico Electric Vehicle Battery Market Outlook Share, 2024 & 2030 (US$M)
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