The German Chancellor said Europe should realize the localization of electric car battery processing

German Chancellor Angela Merkel stated on May 8 that he supports and is committed to enabling European processing of electric vehicle batteries in the country, and the economic community should also participate in it. When attending an event hosted by the German National Academy of Engineering in Berlin that day, Merkel said that in the future, 40% to 50% of the added value of electric vehicle products will come from batteries, and 20% to 30% will come from digitization. 'If one is supplied by Asia and the other is supplied by the United States, then the remaining value will be very little.' Merkel said that currently in the field of electric vehicle battery processing, Asian manufacturers occupy a leading position, and Europe is due to electricity and manpower. The cost is high, and the development in this area is lagging behind. She said that the German auto industry is undergoing 'some reflections.' Henning Kagman, chairman of the 'Electric Vehicle National Platform. The European Union is promoting the implementation of the 'Battery Alliance' plan to gather inputs from all member states to realize the large-scale processing of electric vehicle batteries in Europe, and overturn the entire battery industry chain from processing to recycling.