RE: Reeves Eyes Tax Raid on Pension Lump Sums21 Aug 2025 11:59
Hmmm!
Heat pumps are manufactured in various locations globally, with major production hubs in Europe and China. European countries like Germany, Sweden, Finland, and Italy have strong manufacturing bases. China also holds a significant share of global manufacturing capacity for heat pumps and their components. Additionally, other countries such as the US, Japan, and South Korea also contribute to heat pump production.
Battery production is concentrated in China, which leads by a significant margin in producing both finished batteries and their raw materials, but Korea and Japan are also major players, and the United States and Europe are rapidly expanding their domestic production capacity to reduce reliance on imports. Production is also occurring in regions with significant demand, such as Poland and Hungary in Europe, and with specific automakers establishing their own battery plants in the U.S. and Europe.
EV battery production is dominated by China but growing rapidly in Europe and North America, with major facilities in China, Poland, Hungary, Germany, the United States, and the UK. China has the largest overall capacity and integrates supply chains from mining to refining, while Europe and the US focus on building domestic capacity near demand centres to reduce reliance on imports.
I could go on but I can't be bothered with Hans Christian Anderson anymore!
GL.