Europeans race to add EV cell output to challenge Asian rivals

Asia’s dominant battery companies are stepping up their investment in cell manufacturing operations in Europe to keep pace with electric car development, but European automakers haven’t given up on the idea of establishing their own cell production as the EV market grows.

Less than 1 percent of global lithium ion cell production comes from Europe, but new factories or recently opened plants from heavyweights such as South Korea’s LG Chem, Samsung SDI and SK Innovation, and China’s Contemporary Amperex Technology Ltd. (CATL) will help boost that figure to between 10 percent and 15 percent of global production by 2025, estimates France-based technology consultancy firm Avicenne Energy. China is currently the dominant production center for lithium ion cells at 60 percent of the global total, with Japan second at 17 percent and Korea third at 15 percent, Avicenne estimates.