The lithium-ion battery market is diversifying, with LFP (Lithium Iron Phosphate) cells projected to grow at 23.5% through 2031, favored for thermal stability in entry-level EVs. NMC remains essential for luxury and long-range platforms but saw its share slide to 44.5% in 2025. Asia-Pacific commanded 55.7% of the 2025 market value. Cylindrical cells retained a 49.3% share, but pouch formats are slated for a 22.7% CAGR due to cell-to-pack architectures. https://www.wiseguyreports.com..../reports/li-ion-powe
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