The EU carbon tariff bill has officially landed and superimposed the acceleration of electrification, and the construction of the domestic power battery industry chain in Europe has entered an accelerated stage.
Since 2022, many local European battery companies, including Sweden's Northvolt, France's Verkor, France's ACC, Slovakia's InoBat Auto, and Britain's Britishvolt, have updated their power battery factory construction plans, and the construction progress has accelerated significantly.
Northvolt announced that its Ett factory in Skellefteå, Sweden, has started shipments in the first half of 2022, becoming the first European battery company to supply power batteries to European OEMs, in direct competition with Chinese, Japanese and Korean battery companies.
At the same time, other European battery companies, including Verkor in France, ACC in France, and Freyr in Norway, have also issued a number of purchase orders for lithium battery equipment and raw materials, indicating that the construction of their power battery factories has also entered a substantial stage.
In addition to European battery companies, Chinese and Korean battery companies such as LG New Energy, Samsung SDI, SK on, Ningde Times, etc. have also further accelerated their industrial layout in Europe, and the European power battery industry has taken shape.
The reason is that, on the one hand, the acceleration of electrification in Europe and the increase in the penetration rate of the new energy vehicle market have driven the growth of market demand for power batteries.
On the other hand, the promotion of the global dual-carbon strategy and new European regulations will accelerate the process of carbon neutrality in Europe. Major European countries and international OEMs have formulated a clear timetable for the ban on the sale of fuel vehicles and sales targets for electric vehicles, giving the above battery companies more European power. The battery market provides confidence and assurance.
Europe's huge power battery capacity construction planning and market scale provide good development opportunities for equipment and material companies with strong competitiveness in the global lithium battery industry chain, and also pose severe pressure and challenges to Europe's local power battery supply chain .
Under this circumstance, a group of internationally competitive Chinese lithium battery equipment and material companies are also accelerating their European market layout to provide their customers with nearby supporting services.
At the same time, European local equipment and material companies are also rising rapidly, reaching in-depth cooperation with European local battery companies to seize the right to speak in the European local battery supply chain.
On the whole, Europe has become a hot spot for companies in the global lithium battery industry chain to compete, and the market competition in the European power battery industry chain is rapidly heating up.
