- Aug 1, 2006
https://europe.autonews.com/suppliers/european-battery-makers-power-green-recoveryEuropean battery makers power up for a green recovery
Now, China hosts 80 percent of the world’s lithium-ion cell production – the type of battery expected to power the fast-growing EV industry – and most of the capacity coming online in Europe over the next five years belongs to Asian firms.
But some European startups concede they cannot catch up with the large-scale, low-cost Asian incumbents.
Researchers have already identified 13 European battery projects that could be eligible for EU support