Europe a Serious Contender in Global Battery Manufacturing

Researched by Industrial Info Resources (Sugar Land, Texas)--Battery manufacturers in Europe's Nordic countries, as well as Germany, France, the U.K. and Poland, are seeking to be free from the sector's dominance by overseas manufacturers such as Contemporary Amperex Technology Company Ltd. (CATL) (Ningde, China) and Korean LG Energy Solution Ltd. (Seoul, South Korea).

As such, several grassroot and expansion battery manufacturing project have popped up across Europe. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here for a list of related project reports.

European players in the battery sector include startups such as Northvolt AB (Stockholm, Sweden), Britishvolt Limited (London, England), Automotive Cells Company (ACC) (Bruges, France), as well as established giants such as Tesla Incorporated (NASDAQ:TLSA) (Palo Alto, California) and Volkswagen (VW) (Wolfsburg, Germany).

Sales of battery-powered electric cars have greatly increased to meet more stringent greenhouse gas rules. Volkswagen recently announced it plans to allocate $18 billion. to build six battery factories in Europe, and to extend the rapid-charging network for electric cars.

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