The global automotive industry experienced a 37% drop in company filings mentions of batteries in Q2 2023 compared with the previous quarter, with the highest share accounted for by General Motors with 53% year-on-year increase, according to GlobalData’s analysis of over 253 automotive company filings. GlobalData’s Batteries – Thematic Research report provides an overview of the batteries market in terms of market size and expected growth up to 2030, its potential impact on different sectors, key alternative batteries and the competitive landscape. Buy the report here.
Notably, batteries was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of social media and environment, according to GlobalData.
Of the top leading companies in the automotive industry, General Motors had the greatest increase in references for batteries in Q2 2023, compared with the previous quarter. GlobalData identified 115 batteries-related sentences in the company's filings - 4% of all sentences - and an increase of 53% in Q2 2023 compared with Q2 2022. Tata Motors’s mentions of batteries rose by 172% to 87 and Tesla’s by 34% to 82 and BYD’s by 6500% to 66 and Ford Motor’s by 51% to 65.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for batteries in Q2 2023 was 95.
For further understanding of GlobalData's Batteries - Thematic Research buy the report here.