European lithium battery production will account for 35% of the world in 2026

In recent years, under the promotion of the European Union and other governments, traditional European car manufacturers will gradually attack electric vehicles and battery processing. Research institute WoodMackenzie pointed out that by 2026, Europe's global battery production ratio will increase from 6% in 2018 to 35%, an increase of 6 times in just 8 years. The WoodMackenzie report pointed out that the global lithium-ion battery production in 2026 will reach 649GWh. Although Asia is still the largest manufacturing place with a production of 345GWh, Europe, the Middle East, and Africa (EMEA), which was originally the last at the bottom, has been catching up and the estimated output is 228GWh, the Americas dropped to third place, with only a slight increase of 66GWh in 8 years. According to the research, EMEA's battery production in 2018 was less than 12GWh, which is basically out of the reach of Asia's 144GWh production and lower than the Americas' 31GWh. However, in recent years, Europe has accelerated the pace of development of lithium-ion batteries and electric vehicles. The agency believes that EMEA battery production It can double in a few years. Under the global trend of environmental protection and energy saving and carbon reduction, electric vehicle technology is changing with each passing day. Among them, batteries are key parts of electric vehicles, accounting for about 40% of the total cost, and Asian countries such as South Korea and my country are important processing sites. The global market ratio has exceeded 65. %. In order to prevent Asia from being exclusively beautiful, the European Union has introduced various subsidies and policies, hoping to get a share of the battery market. For example, the European Union announced in October 2018 that it would allocate billions of euros to fund the development of lithium-ion batteries for vehicles and the establishment of factories in the European Union. This move also prompted local manufacturers to start planning to set up factories. The Swedish battery company Northvolt announced in the same month It is expected to build a battery manufacturing center in Poland; German chemical product giant BASF (bASF) also plans to establish a lithium-ion battery cathode material plant in Finland. A few days ago, France also announced that it would build two battery plants with Germany. Germany and France will provide 1 billion euros and 750 million euros in subsidies, hoping to promote the European electric vehicle battery industry and reduce the need for electric vehicles and self-driving cars in the United States and Asia. rely on. French President Macron pointed out more clearly that, as the French President, he does not want all French electric car batteries to be manufactured in Asia. Europe has always been an important place for automobile processing, but when the market share of electric vehicles increases, can Europe still maintain its lead? If you cannot grasp the key technologies of electric vehicles, you may not be able to become the leader in the industry. Therefore, feeling the importance of batteries, European factories have also accelerated their efforts to develop technology and build battery factories. WoodMackenzie is also very optimistic about the development potential of Europe. In November 2018, it also pointed out that the European battery manufacturing industry will grow 20 times in 2025, and the output is expected to increase by 90GWh per year.