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China Years Ahead of Europe in EV Materials Production – FT

Europe is “20 years” behind China and will have to rely on them for raw materials for some time, Livista Energy chief Roland Getreide was quoted as saying


Germany is looking at ways to cut its dependence on China, sources say.
Employees work on an assembly line at a SAIC Volkswagen MEB electric vehicle plant in Shanghai, November 8, 2019. German carmakers have deep ties with China, but some ministries now want to reduce ties with Beijing and do more business with democracies. Photo: Aly Song, Reuters.

 

China’s command of the supply chain for electric vehicles (EVs) presents a challenge for Europe’s ambitions in the sector, The Financial Times reported, noting that Chinese companies are set to make 76% of lithium-ion battery cells this year compared with just 7% by manufacturers in the EU.

Europe needs to set up a “whole ecosystem of mining, refining and chemical engineering” needed to supply EV batteries if it is to phase out petrol and diesel-powered cars by 2035, according to one expert, but China’s current lead in battery making suggests the EU may have to rely on Chinese or Asian raw materials for EVs for some time.

Read the full report: The Financial Times.

 

 

Read more:

China’s Top EV Battery Makers Lose Their Market Share – SCMP

Toyota to Triple Spending on EV Battery Plant in US

China’s Reliance on Foreign Battery Metals a ‘Risk to EV Sector’

 

 

 

Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.

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