Are batteries essential to the automotive industry of the 21st century?

Batteries will be as essential to the automotive industry of the 21st century as the combustion engine was in the 20th century. If the EU is to maintain its leadership in the automotive sector, but also in clean energy systems, it has to have independent capacity to develop and produce batteries.

How has the battery industry changed in a year?

On the side of the industry, there has already been substantial progress in many areas. In less than a year, the European Institute of Innovation and Technology (EIT) InnoEnergy has managed to mobilise and steer a network of around 260 innovation and industrial actors, coming from all segments of the batteries value chain.

Where does the battery industry come from?

AsiaThe battery industry has deep roots in Asia, particularly in China, J pan, and South Korea. In 1991, Sony introduced the first commercial lithium-ion battery in Japan. Japan and South Korea furthered echnological development, laying the groundwork for rapid growth of the battery industry in Asia. In turn

Why does the automotive industry need to invest in battery mining & refining?

This fact has forced the automotive industry to deal with battery manufacturers , and also to secure the mid- and long-term sustainable supply of battery raw materials through investing in battery minerals mining and refining projects .

What is the market position of the European battery industry?

In fact, the European battery industry currently holds a very limited share of the world (lithium) cell manufacturing capacity. A detailed description of the market position of the European battery industry can be found in paragraph 1 of Annex.

Why is battery production important in Europe?

For Europe, battery production is a strategic imperative for clean energy transition and the modernisation and competitiveness of its industry, including the automotive sector.