By Automotive Logistics2021-04-23T15:25:00
The huge demand for lithium-ion batteries is requiring massive investments and new supply sources across Europe, and experts from BMW Group, EV battery startup Britishvolt and packaging supplier ORBIS Europe reveal the supply chain opportunities and changes ahead.
With EV sales and production ramping up, the European automotive industry wants to reduce its dependency on Asia for sourcing lithium-ion batteries and components. That is why carmakers and manufacturers are investing heavily to develop a regional battery supply chain that will ensure stable supply, competitive costs and be more sustainable. The stakes and opportunities are huge, which is why OEMs like BMW are investing billions, and new battery startups such as Britishvolt are emerging.
The next electric-car battery champion could be European
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The Next EV Battery Champion Could Be European
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The Next Electric-Car Battery Champion Could Be European
Apr 04 2021, 9:30 PM
April 04 2021, 9:30 AM
April 04 2021, 9:30 PM
(Bloomberg)
(Bloomberg)
With Europe expected to lead the world in electric-car sales for a second straight year, an epic rush to build a battery-supply chain from scratch is playing out across the continent.
After years of ceding the EV battery business to foreign companies, Europe wants in. Prospective manufacturers are popping up in the Nordic region, Germany, France, the U.K. and Poland in a transcontinental competition to chip away at the dominance of Chinaâs Contemporary Amperex Technology Co. Ltd. and South Koreaâs LG Energy Solution.