Global market for EV batteries expected to reach $250 bln by 2030 – Chinese official

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SHANGHAI — The global market for electric

vehicle (EV) batteries is expected to reach $250 billion by

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2030, with demand exceeding 3.5 terrawatt hours, said Wan Gang,

president of China’s World New Energy Vehicle Congress, speaking

in Beijing on Saturday.

(Reporting by Josh Horwitz and Zoey Zhang; Editing by Kenneth

Maxwell)