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European Battery Industry Turns to China for Support Following Northvolt’s Collapse


Photo by FMT
Photo by FMT

Summary


  • Europe’s electric vehicle (EV) battery hopes are increasingly reliant on China, especially following Northvolt's financial troubles.

  • China’s Gotion and CATL have established joint ventures with European startups, bolstering Europe’s battery production capabilities.

  • With Chinese expertise in mass production, China’s battery makers are becoming integral to Europe’s EV future.


 

The collapse of Northvolt, once touted as Europe’s answer to Chinese dominance in the electric vehicle (EV) battery market, has left a significant gap in Europe’s ambitions to become self-sufficient in EV battery production. However, European hopes for a robust battery industry remain alive, though they are increasingly dependent on Chinese investment and expertise. The latest developments point to the growing influence of China’s major battery makers, such as Gotion and CATL, in shaping Europe’s future in electric mobility.

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