Yuasa bullish on future global auto market for lead batteries

Yuasa bullish on future global auto market for lead batteries

Yuasa bullish on future global auto market for lead batteries 1024 470 Batteries International

March 21, 2024: Manufacturers have everything to play for in keeping up with high global demand for automotive lead batteries for at least the next decade — and even expanding sales in some regions, according to latest market analysis released by GS Yuasa.

The Japan-headquartered lead and lithium battery giant said in its Automotive Battery Business Briefing, published on March 15, its own analysis showed global demand for lead batteries will not fall at an “accelerated pace” up to 2035, despite expected increases in EV sales.

Meanwhile, the use of lead auxiliary batteries will still be the mainstream for EVs and the popularity of those vehicles is expected to be tempered by concerns over range anxiety, charging infrastructure, battery recycling and raw material procurement.

Forecast demand for starter and EV auxiliary batteries is expected to rise in certain regions such as India and Australia (see graphic), Yuasa said.

Yuasa itself said it plans to expand sales in the lead battery replacements market and increase its supply chain, particularly in the Asia-Pacific region.

A Yuasa spokesperson told Batteries International on March 19 the firm’s Century Yuasa subsidiary in Australia would expand production and sales by an unspecified amount over the coming decade.

Meanwhile the company’s automotive battery production business in Thailand would play a key role in expanding sales to neighbouring countries.

In addition, the ramping up of battery production at Yuasa’s facility in Turkey, combined with operations across its sales sites in Europe, is expected to help the company expand sales into North Africa.

Last September, the new headquarters of GS Yuasa Battery Europe was formally opened in the UK.

The subsidiary oversees the group’s six European companies and Yuasa said the move would strengthen finance, supply chain and IT operations across the continent in support of the group’s ambitions to increase its market share in all markets and regions.