When will the EU panic for local materials ?15 Mar 2022 10:13
Always about battery factories in EU !!!! (extract from businesskorea - not an https secure website) - when will it hit them that no materials = no batteries !!!
South Korean electric vehicle battery manufacturers are increasing their capacities in Europe to better compete with CATL and Northvolt.
Samsung SDI recently started the construction of its second plant in God, Hungary. At the same time, production line expansion is in progress at its first plant in the city. Last year, the company’s capex exceeded 2 trillion won for the first time. It is planning to enter the U.S. market in earnest in collaboration with Stellantis.
SK On, which has two plants in Komarom, started the construction of another plant in Ivancsa in January. SK On and Ford are planning to build a plant together in Europe as well as the United States. The location of the plant may be Turkey, where Ford has manufacturing facilities.
The annual production capacity of LG Energy Solution’s plant in Poland has been increased to 70 GWh. The plant is scheduled to reach 85 GWh in 2025 and the company is going to increase its capacity in another region in Europe to 15 GWh by the same year. The region is likely to be France or Germany.
Northvolt, in the meantime, put its first plant in Europe into operation last year. The company’s order backlog amounts to more than 60 trillion won. CATL is planning to build a plant in Germany, where a Tesla gigafactory will be put into operation soon.
Courtesy of BusinessKorea, today (not a secure https site)
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