The European market for electric vehicle (EV) battery testing, inspection, and certification is set to experience significant growth, projected to escalate from $410.9 million in 2024 to $2.21 billion by 2034. This expansion is driven by stringent EU regulations, increased adoption of EVs, and advances in testing technologies, which ensure battery safety and compliance. The market growth is further supported by EU incentives and sustainability goals, with innovative technologies like AI diagnostics and digital twin modelling enhancing testing accuracy and efficiency. The focus on testing and certification helps mitigate risks such as thermal runaway and performance loss, vital for the evolving EV landscape.

Elsewhere in the market, Gotion High-techLtd (SZSE:002074) was trading firmly up 7.3% and ending the day at CN¥27.75, near its 52-week high. At the same time, Hyundai Motor (KOSE:A005380) softened, down 4% to finish the session at ₩201,500.

Best EV Stocks

• BYD (SEHK:1211) ended the day at HK$126.10 up 0.2%.
• Tesla (NasdaqGS:TSLA) finished flat at, $322.16. Last week, the company announced plans to open its first showrooms in India, with a launch in Mumbai expected by mid-July.

Where To Now?

• Unlock more gems! Our EV Stocks screener has unearthed 50 more companies like Uno Minda, Aptiv and Lucid Group for you to explore.
• Want Some Alternatives? Uncover 17 companies that survived and thrived after COVID and have the right ingredients to survive Trump's tariffs.

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.

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