MILAN, April 8 (Class Editori) -- Estimates on EV sales in EU are clear: the market share will exceed 50 percent of the vehicle registrations from 2033, and the figure, if confirmed, will inevitably increase the demand for batteries by 15 percent y-o-y on average between 2021 and 2050. In this framework, the EU developed a plan aimed at creating a real battery supply chain in order to become the second global producer of this component, after Asia, thus holding 31 percent of the total production in nine years.
The last move of the EU leaves no room for doubts: allocating 900 million euros to the companies of the sector in order to face research and development expenses and to try to become the second battery producer of the world. The project, also confirmed by Maroš Šefčovič, Vice-President of the EU Commission, is part of the funding approved by 12 Member States involved in the European Battery Alliance that will allocate 2.9 billion over the next few years with the stated goal of unlocking further private investments worth 9 billion euros, together with the 60 billion planned two years ago that will be poured into the entire battery industry.
A rich cake that has whetted the appetites of many large groups, which are ready to play a leading role. If BMW, Tesla and Stellantis have practically already obtained about 2.9 billion euros of state aids for projects on batteries, many other groups are emerging in the European scenario: Northvolt in Sweden, Britishvolt in the UK and Italvolt in Italy, as well as Volkswagen in Germany, Automotive Cells in France, and Eastern big names such as CATL and LG Energy.
Volkswagen, for example, has already unveiled an 18-billion-dollar plan to build six giga-factories thus trying to become the second largest producer after CATL, which in turn will invest 12 billion dollars to equip itself with 230 new GW/h of capacity. Tesla, while waiting for the green light to build a giga-factory in Germany, will not sit on its hands, as well as the startups Northvolt and Britishvolt. The former has already signed a 14-billion agreement with VW and BMW and aims at a network in Sweden, while the latter will build a 2.6-billion factory in the UK.
(Source:Class Editori)
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