Europe plans to have globally competitive EV battery industry by 2025, says EC
Published: Wednesday, 25 November 2020
Europe could produce enough battery cells to meet the needs of its captive electric vehicle (EV) industry and could even be in a position to export batteries by 2025, according to the vice-president of the European Commission.
Maros Sefcovic, told delegates at the European Conference on
Batteries - held online on Tuesday November 24 - that the
European Battery Alliance (EBA) aimed to create a globally
competitive and sustainable European battery value chain worth
around €250 billion ($297 billion) by
The EBA was created by Sefcovic in 2017, with the aim of
avoiding technological dependence on competitors and to
capitalize on the growth and investment potential of batteries,
when it became clear that the transition to a greener economy
was a key priority for countries in and around Europe.
"With more than 500 industrial actors, the [EBA] has become
a resounding success in just three years, turning Europe into a
global battery hot-spot," Sefcovic said.
He said 15 new battery production plants - the so-called
"gigafactories" - were under construction in locations across
Europe, including Italy, France, Germany Hungary, Poland,
Slovakia and Sweden.
He pointed to Sweden-based Northvolt - which is developing
lithium-ion battery production facilities in Sweden, Germany
and Poland - as a good example.
In addition, Chinese lithium-ion battery manufacturer CATL
is developing a production facility in Germany, while South
Korea's SK Innovation has already built a lithium-ion battery
factory in Hungary - with production slated to start this year
and an aim of supplying 7.5GWh of battery cells annually.
Other than these projects, most manufacturing of lithium-ion
batteries takes place in China, he said.
Sefcovic said the European facilities would be able to
supply cells for at least six million EVs by 2025.
He added that plans to "future-proof" Europe's regulatory
framework on batteries and and to strengthen the resilience of
the EU's critical materials value chains were well under
"This will ensure that only the greenest and safest
batteries make it into the European market." he said.