7 up-and-coming battery makers vying for the $370 billion electric commercial vehicle business

• The global electric commercial vehicle market is expected to top $370 billion in annual revenue by 2030.
• Top battery manufacturers want to build the power sources these heavy-duty vehicles demand.
• But startups, small firms, and surprising players are looking to carve out their own niche.

With a flood of new battery-powered autos set to transform the business of building passenger vehicles, it was natural that commercial vehicles would be next. The global electric commercial vehicles market is expected to surpass $370 billion in annual revenue by 2030, according to Guidehouse Insights.