Latest News In Electric Vehicles - EV Battery Testing Market Poised for Rapid Expansion

The global EV Battery Testing Market is set to witness significant growth, expanding from $4 billion in 2025 to $9.4 billion by 2030, with a CAGR of 18.4%. This growth is driven by factors such as the adoption of higher voltage batteries, increasing EV sales, advances in battery technologies, and stringent safety regulations. As electric mobility accelerates worldwide, particularly in regions like North America, Europe, and Asia-Pacific, the demand for specialized and comprehensive battery testing solutions is rising. The report highlights the importance of innovative testing methods, including AI-driven diagnostics and robotic systems, to ensure safety and performance, addressing challenges such as battery fires and thermal runaway.

In other trading, XPeng (NYSE:XPEV) was a notable mover up 9.6% and finishing the session at $23.89. In the meantime, Legrand (ENXTPA:LR) softened, down 12.2% to close at €129.25. This week, Legrand confirmed its full-year guidance with a projected sales growth of 10% to 12% excluding currency effects.

XPeng's strategic focus on proprietary AI and premium models aims to boost margins amid intense competition. Discover how XPeng's innovations might impact the global EV landscape by exploring our detailed narrative.

Don't miss our latest Market Insights article, where we explored how strategic leverage in rare earths impacts the crucial EV supply chain.

Best EV Stocks

• NIO (NYSE:NIO) settled at $7.16 down 1.8%.
• Tesla (NasdaqGS:TSLA) ended the day at $445.91 down 3.5%. Amidst investor activism three days ago, key investors expressed support for Elon Musk's $1 trillion stock compensation package.
• QuantumScape (NYSE:QS) closed at $15.90 down 6.9%.

Next Steps

• Unlock our comprehensive list of 74 EV Stocks like Continental, Isuzu Motors and Dongfeng Motor Group by clicking here.
• Interested In Other Possibilities? This technology could replace computers: discover the 28 stocks are working to make quantum computing a reality.

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
• "EV Battery Testing Market to Grow at 18.4% CAGR Through 2030" from BCC Research LLC on GlobeNewswire (published 06 November 2025)

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