Global EV battery market expected to reach $250 billion by 2030 – Chinese official

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SHANGHAI — The global electricity market

electric vehicle (EV) batteries expected to hit $250 billion by

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

President of the World Congress of New Energy Vehicles of China, speaking

in Beijing on Saturday.

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

Maxwell)