Most European countries-Britain, Spain, etc. banned the elimination of fuel vehicles

Image source: Northvolt official website

The epidemic has changed the way of life of Europeans. In France, taking public transportation is not safe and it is mandatory to wear masks. Most European countries such as the United Kingdom and Spain have banned the elimination of fuel vehicles.

The superimposition of government subsidies for new energy vehicles in various parts of Europe has stimulated the consumption of new energy vehicles, resulting in the increasing demand for lithium batteries. According to data, it is estimated that by 2030, the demand for batteries in the European market will reach 400GWh, which is equivalent to 15 times the current demand level.

For a long time, the power lithium battery market has been a \"three pillars\" situation of China, Japan and South Korea. In the future, battery market demand will increase, and industry competition will be fierce. Europe has launched a menacing power lithium battery offensive, and companies are actively deploying the lithium battery market and competing with Asian battery manufacturers for market share.

French battery manufacturer Verkor invests 13 billion yuan to produce batteries

According to reports, French battery manufacturer Verkor has announced that it will open and operate a lithium battery production plant with an annual output of 16GWh in France in 2023, and expand its annual output to 50GWh according to market development. The plant will begin construction in 2022 and deliver the first batch of battery products by 2023. It is understood that the initial investment of the project is 1.6 billion EUR (approximately RMB 13 billion), and the batteries produced will be used in electric vehicles (EV) and stationary energy storage.

Volkswagen will produce batteries in the United States

Volkswagen said it is expanding its plant in Chattanooga, Tennessee, USA to produce electric vehicle batteries and battery packs, and to assemble electric vehicles at the same time.

CATL becomes the head supplier of Mercedes-Benz

On the evening of August 5, CATL officially learned that it will further strengthen its cooperation with Mercedes-Benz in the field of battery technology to support the large-scale electrification of Mercedes-Benz models. It is reported that this strategic agreement covers power battery technology in various fields, including batteries and modules for Mercedes-Benz passenger car products, and overall battery packs for light commercial vehicle products. Innovative technology configuration with broad prospects, such as the design of CTP (module-free battery pack) products of CATL.

Daimler officially became a shareholder of Funeng Technology

On the evening of July 2nd, Funeng Technology issued an initial public offering and listing on the Science and Technology Innovation Board. Daimler Greater China Investment Co., Ltd. (hereinafter referred to as \"Daimler Greater China\") appeared as a strategic investor In the list, its contribution amount is 904.5 million yuan, and it will hold approximately 3% of Funeng Technology in the future. Daimler Dazhong Huawei is a wholly-owned subsidiary of Mercedes-Benz. The actual controller of Daimler Greater China is Daimler AG (Daimler AG). Subsequently, on July 3, Daimler officially announced that Mercedes-Benz and Funeng Technology have established a far-reaching strategic partnership and will become a shareholder of Funeng Technology.

BMW and Northvolt sign battery supply contract

BMW officially announced that it has signed a 2 billion EUR battery supply contract with the Swedish company Northvolt. The latter will start producing battery packs at a factory in northern Sweden from 2024. The plant is currently under construction, and all electricity will come from wind and hydropower.

Slovak startup raises 10 million euros to produce customized batteries for electric vehicles

According to reports, InoBat Auto, a battery research and development and production company headquartered in Bratislava, the capital of Slovakia, stated that it has led a round of financing from infrastructure technology asset management companies IPM Group, CEZ Group, Wildcat Discovery Technologies and other investors China successfully raised 10 million euros (approximately 79.467 million yuan). InoBat Auto will use the new funds to build a \"unique\" R&D center and a 100 MWh battery production line in Slovakia. Last month, InoBat Auto just acquired the factory of Voderady, and will start construction of the factory later this year. The first batch of batteries will be put on the market in 2021. In addition, the company also plans to build a super factory with a production capacity of 10 GWh by 2024, with the goal of providing \"advanced customized batteries\" for 240,000 electric vehicles.

Europe plans battery factory project, Germany and France jointly build a total investment of up to 5 billion EUR

According to foreign media reports, Germany and France plan to promote a battery project with a total investment of up to 5 billion EUR (about 38.3 billion yuan) in Europe, with a total production capacity of about 48GWh. It aims to benchmark production capacity with Tesla's Chinese suppliers. The new battery factory jointly built by Germany and France will meet 10-15% of Europe's battery demand.

By 2030, the number of electric vehicles on the roads in Germany will reach 7-10 million. The European Commission also stated that by around 2025, the market value of the EU battery cell market will reach 250 billion EUR (approximately RMB 1.9 trillion).