The European Union plans to increase production of lithium-ion batteries for ele
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2020/12/11 09:06:04
Companies in Asian countries, including Japan and China, supply batteries as one of the main components of electric cars, foreign media reported.In order not to be left behind in the race to develop electric cars, the European Union wants power batteries for new-energy vehicles to be produced locally.
China currently accounts for about 80 per cent of the world's lithium-ion battery production, but Europe's capacity is set to expand rapidly.
There are currently 15 large battery plants under construction in Europe, including plants in Sweden and Germany for Swedish company Northvolt, a plant in Germany for Ningde Times and a second plant in Hungary for South Korean company SK Innovation.
It is understood that Europe intends to set up its own battery supply chain to supply its carmakers with batteries instead of importing them from Manufacturing centres in Asia.
In July last year, foreign media reported that the EU planned to invest 100 billion euros to build a domestic battery industry.At the time, A government group led by Mr Sefokovich held talks with manufacturers, development banks and commercial lenders about investing more than €100bn to create a supply chain of lithium-ion batteries to power electric cars.
Maros Sefcovic, the vice president of the European Commission, said on Tuesday that the EU could produce enough batteries to power its fast-growing electric cars by 2025 without relying on imported batteries.
Earlier, analyst James Frith said Europe could control 11 percent of the world's battery manufacturing capacity by 2025.That means Europe will take market share away from China and pose a direct challenge to the United States.
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