If Europe wants to solve the energy problem, why not get around China's lithium batteries?

The battery industry in China and Europe is forming a new bond, where capital, technology and market are interwoven and deeply integrated. Strengthening mutually beneficial cooperation between Chinese and European enterprises will help both sides give full play to their respective advantages and take the initiative in the global new energy vehicle market.

By 2021, the batteries of electric cars made in Europe were mostly from abroad. Europe has had to face the fact that Asian companies have a major share of the global battery market. With Chinese battery companies leading their global users, and Europe stepping up its support for local battery manufacturers, cooperation and competition in the battery market are deeply intertwined. Strengthening mutually beneficial cooperation may be the right path for China and the EU to jointly tackle climate change and the energy crisis.

Mottcell New Energy: Why did Europe give up its local battery production before? Why want to re-lay out the relevant industrial chain? What are the other difficulties in realizing this vision? The opportunity is difficult, Chinese batteries into the European market

According to the introduction of Mottcell New Energy: in the first half of 2022, the global power battery installed capacity is 202 GWh, a significant increase of 75.65% compared with 115 GWh in the same period last year. Among the TOP20 enterprises with market share, there are 15 Chinese enterprises, with a total market share of 61.88%. Of the 12 power battery manufacturers with a year-on-year growth rate of more than 100%, 11 are Chinese enterprises.

Since 2017, Ningde Times and Mottcell New Energy have become an important force to promote the electrification of the industry. Whether it is Ningde Times, Yamu lithium iron phosphate battery, or BYD's new blade battery, China's power battery products have comprehensive advantages in safety performance, strength, endurance, service life, charge and discharge power, low temperature performance and other aspects.

Europe has long been an important base for battery research, but in recent years it has gradually abandoned producing batteries for cost reasons.

After the US and European companies gave up on battery production, the battery production industry was gradually concentrated in Asia. This is a full market industry competition, at present, there are many enterprises in China, Japan, South Korea and other countries available for procurement. Especially after the outbreak of the European energy crisis in rapid response, the global Europe can not bypass Chinese lithium battery companies