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The global electric vehicle telematics market is experiencing significant growth, driven by increasing demand for electric vehicles (EVs) worldwide. This expansion is partly attributed to advancements in telematics services, which include features such as energy and charge reporting, effective route management, and battery health monitoring. The market is expected to grow at a compound annual growth rate (CAGR) of 10.24%, reaching an estimated value of US$13.504 billion by 2029, up from US$8.294 billion in 2024. The rising adoption of telematics in EVs is encouraging original equipment manufacturers (OEMs) to integrate such systems, enhancing vehicle monitoring, safety, and overall consumer experience. With major contributions from regions like the Asia Pacific, where countries like China and India are seeing substantial EV production and consumption, the market for telematics-equipped EVs is poised for considerable advancement.
Elsewhere in the market, LG Energy Solution was trading firmly up 5.7% and ending trading at ₩370,500. At the same time, Hyundai MobisLtd lagged, down 3.4% to close at ₩244,000.
Best EV Stocks
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NIO finished trading at $4.36 up 4.8%.
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Tesla settled at $426.50 up 3.1%.
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Ford Motor closed at $10.18 up 1.7%.
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