Europe’s vision of building homegrown EV batteries to cut its reliance on China is dying. But China is more than ready to step in where other companies have failed.
  • wewbull@feddit.ukEnglish
    5·
    11 days ago

    Still, building a European battery industry was always a long shot at best, since China supplies about 80% of the world’s lithium-ion batteries and is home to six of the world’s largest EV battery makers, the report said.

    Well that’s a defeatist take. We can’t have a European battery manufacturer because China has all the battery manufacturers. That doesn’t mean there isn’t a need for more.