Sevkovic said at the "European Battery Conference" held online: "I am confident that by 2025, the EU will be able to produce enough batteries to meet the needs of the European automotive industry and even have export capacity."
Currently, China's lithium-ion battery production accounts for about 80% of the world's total, but European production capacity will rapidly expand. Currently, 15 large battery factories in Europe are under construction, including the Swedish company Northvolt's factories in Sweden and Germany, the Chinese battery manufacturer Ningde Times' factory in Germany, and the South Korean company SK Innovation's second factory in Hungary. Z1z
Sevkovic said that by 2025, the planned European plant will produce enough batteries to power at least 6 million electric vehicles.
Although the new crown virus epidemic has caused overall vehicle sales to plummet, data shows that the total sales of pure electric and plug-in hybrid vehicles in Europe this year are expected to double to 1 million.
The European Commission predicts that by 2025, there will be 13 million low-emission vehicles on European roads, so further investment is needed.
Swedish battery manufacturer Northvolt’s vice president of external communications Jesper Wigardt (Jesper Wigardt) said: “In establishing a complete European supply chain and labor market, we also need to make significant investments to support battery factories.”
