Very interesting to see how this plays out, and the EV battery supply chain generally. Clearly the Chinese, South Koreans, Japanese, have a significant head-start, as Europe has been slow to recognise the speed of the eMobility revolution, and therefore the need for a constant supply of batteries. At Hyperion we work with the leading battery manufacturers. One would hope that no Trumpesque trade-wars would ever happen between the EU and China, but European Auto OEMs are certainly exposed with such a reliance on. With VW Group, BMW, Mercedes and Jaguar now 'getting it', demand will ramp significantly, can Europe negotiate a way to compete for the battery supply? Thoughts?
BBB understands Germany wants to set a faster pace of progress for Europe’s ‘Batteries Alliance’— with Berlin in the driving seat. The move comes just weeks after car giant BMW signed a deal to receive electric vehicle batteries from an Asian supplier because it “could not wait” for Europe to build a battery cells industry. A spokesperson for Germany’s federal economic affairs and energy ministry (BMWi) told BBB officials are “exploring possibilities for the establishment of battery cell production in Germany and are in discussions with all those involved”. The spokesperson declined to comment on details, but confirmed discussions “also concern the question of possible support from the federal government— although decisions have not yet been made”. “We cannot comment on the talks. We are in close exchange with all participants at national and European level,” the spokesperson said.