By 2027, Europe has the potential to fully rely on domestic production of battery cells, meeting its EV and energy storage demands without any Chinese imports. That’s according to the latest forecast by Transport & Environment (T&E), a campaign group, which analyzed a range of manufacturer reports and press releases. The European NGO further estimates that, in 2030, the companies with the largest battery cell production in the continent will be CATL, Northvolt, ACC, Freyr, and the Volkswagen Group. About two-thirds of Europe’s needs for cathodes — an integral battery part — could also be produced in-house, the report finds.…
Read Entire Article
