Post by account_disabled on Mar 13, 2024 22:39:33 GMT -5
With billion euros invested this year, the Vice President of the European Commission, Maroš Šefčovič, comments that lithium ion production continues as planned despite what Covid has produced. At this rate the EU is expected to be the largest producer of batteries in the world.
Europe is in time to catch the train to become the world's second largest manufacturer of lithium-ion battery cells after China, European Commission Vice President Maroš Šefčovič commented on Wednesday.
“Even with the pan Caseno Email List demic, we are in the process of overtaking Asia and the US by ,” commented Šefčovič, informing the European Parliament.
According to the Slovak vice president, this year double the investment, about billion euros, has been invested in lithium-ion batteries in Europe than in China.
The investment is part of a push by the EU to consolidate "technological independence" by creating an end-to-end battery industry in Europe, owned by European companies.
Investment in EU batteries is planned through the European Battery Alliance, an initiative to boost new suppliers ranging from mining and refining raw materials such as lithium , the metal used in mobile phones and electric vehicles, to manufacturing, installing charging infrastructure and recycling batteries.
These batteries are considered essential for the future competitiveness of the automotive sector in Europe.
Batteries can represent over half the cost of an electric vehicle. Currently, European automakers are almost completely at the mercy of battery cells coming from China.
EU employees added the lithium battery element to their list of critical raw materials in September, which generated a plan to ensure their supply. The list explains how the bloc can diversify its sources of materials so that the same thing that happened with the disruption of the global supply chain that has been seen after the COVID- pandemic does not happen.
If it continues at the same pace as it has to date, it is very likely that what Maroš Šefčovič comments on is not just a forecast, but that it will become a reality that the European Union will become the largest producer of batteries in the world for German.
Europe is in time to catch the train to become the world's second largest manufacturer of lithium-ion battery cells after China, European Commission Vice President Maroš Šefčovič commented on Wednesday.
“Even with the pan Caseno Email List demic, we are in the process of overtaking Asia and the US by ,” commented Šefčovič, informing the European Parliament.
According to the Slovak vice president, this year double the investment, about billion euros, has been invested in lithium-ion batteries in Europe than in China.
The investment is part of a push by the EU to consolidate "technological independence" by creating an end-to-end battery industry in Europe, owned by European companies.
Investment in EU batteries is planned through the European Battery Alliance, an initiative to boost new suppliers ranging from mining and refining raw materials such as lithium , the metal used in mobile phones and electric vehicles, to manufacturing, installing charging infrastructure and recycling batteries.
These batteries are considered essential for the future competitiveness of the automotive sector in Europe.
Batteries can represent over half the cost of an electric vehicle. Currently, European automakers are almost completely at the mercy of battery cells coming from China.
EU employees added the lithium battery element to their list of critical raw materials in September, which generated a plan to ensure their supply. The list explains how the bloc can diversify its sources of materials so that the same thing that happened with the disruption of the global supply chain that has been seen after the COVID- pandemic does not happen.
If it continues at the same pace as it has to date, it is very likely that what Maroš Šefčovič comments on is not just a forecast, but that it will become a reality that the European Union will become the largest producer of batteries in the world for German.