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The electric vehicle (EV) battery housing market is poised for substantial growth from 2025 to 2034, driven by the rising global demand for electric vehicles and advancements in EV battery technologies. As the industry evolves, original equipment manufacturers (OEMs) are adopting sustainable materials to meet cost-effectiveness and emission reduction goals, and integrated cooling systems in battery housings emerge as a key growth opportunity. Despite challenges such as the high cost of materials and lack of standardization, the market is likely to benefit from government incentives and increasing consumer awareness of environmental issues. Trends towards lightweight materials and battery swapping systems further highlight the dynamic changes in the EV battery housing sector.

In other market news, Lucid Group was a standout up 5.6% and ending trading at $2.84. In the meantime, Zhejiang Leapmotor Technology trailed, down 3% to close at HK$62.20.

Leapmotor's strategic joint venture with Stellantis could rapidly propel its global expansion. Discover how this collaboration might drive future growth by exploring the full narrative on the company.

Don't miss our previous Market Insights article, examining how automakers face tariffs alongside challenges in electric vehicle commitment and market volatility.

Best EV Stocks

• Tesla finished trading at $349.98 up 2.1%. Last Thursday, Tesla adopted new Bylaw amendments and added Chipotle's Jack Hartung to its board.

• Ford Motor closed at $10.80 up 0.5%.

• BYD settled with no change at, HK$433.80, hovering around its 52-week high.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St

• "Electric Vehicle (EV) Battery Housing Market Outlook 2025-2034 - Battery Housings with Integrated Cooling Systems Emerge as Key Growth Opportunity" from Research and Markets on GlobeNewswire (published 16 May 2025)