Technical FAQs 4

Is Europe achieving self-sufficiency in lithium batteries & EVs?

While North America is making strides, with substantial investments aimed at achieving self-sufficiency in lithium batteries and EVs, Europe has yet to reach a comparable level. Despite this, Europe is gaining momentum, with several prototype and full-scale battery plants underway.

How are European lithium battery manufacturers navigating a complex landscape?

Overall, European lithium battery manufacturers are navigating a complex landscape, striving to localize production, ensure sustainability, and mitigate geopolitical risks to foster a resilient and competitive battery industry.

How big is Europe's battery manufacturing capacity in 2023?

Additionally, Europe's total installed battery manufacturing capacity had reached 167 GWh in 2023 (capacity utilisation rates of battery plants are not 100 %). Source: European Commission, Dashboard towards zero-emission vehicles, April 2024.

Why is the battery industry growing in Europe?

The European Union's ambitious targets to reduce carbon emissions and promote sustainable energy have led to a surge in demand for electric vehicles and renewable energy systems. As a result, the battery manufacturing industry in Europe is experiencing unprecedented growth.

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