XTrail schreef op 16 april 2021 00:17:
Western Europe claims 43% of global investments in battery manufacturing projects
On a country level, Germany led the region with 10 of the 17 projects recorded. The biggest project in Germany is SVOLT’s $2 billion battery cell plant with a capacity of 24GWh per year.
This activity in Germany is reflective of the drive by the country’s major automakers to invest heavily in manufacturing EVs at their home plants. Volkswagen, Daimler and BMW are all present at the table with their own projects for production of battery packs showing the more active role that carmakers are taking in the supply chain, Fitch notes.
In Emerging Europe, the projects are dominated by Hungary and Poland and are mostly in the battery component segment, supplying existing facilities in these countries. This speaks to the strength of these two countries as automotive production locations in general, Fitch says, as well as their ability to move up the value chain with high-tech products.
South Korea’s SK Innovation, for example, is planning to build its third plant in Hungary which has become the company’s European base.
While much of the investment across the regions is driven by a desire to reduce dependence on a handful of markets, most notably China, for supplies of batteries and related components, the projects for the Asia region show that China is still a target for investment due to being the world’s biggest standalone market for EVs.
China accounted for three of the eight projects tracked in Asia, Fitch reports, worth a combined value of $2.6bn, the biggest being a $1.2bn joint venture between Geely and CATL for a new battery plant. CATL was also behind the biggest investment in the Asia region overall with $5bn for a new battery plant in Indonesia.
The company has also agreed that 60% of the nickel used in the production of batteries at the plant will be locally sourced, informing the analyst’s view that Indonesia has the potential to become a key player in the development of a South East Asian battery supply chain.www.mining.com/western-europe-claims-...