The localization of the electric vehicle and battery industry in Europe has gradually increased from the Authorities level. According to Roland Berger, with aim to against a rising geopolitical tension, the shift to electrification carries a new level of importance for European nations. It has transformed into a race to build energy security, technological leadership, and a revitalized industrial base - all key drivers of job creation at Europe, export growth, improved living standards, and national security. Moreover, the geographical distribution of key resources means that no country can succeed alone.
Following the CRMA (Critical Raw Materials Act) represents an important step by the European Union on last year, how local players strengthen battery technology for reducing range anxiety? What is European current R&D status for commercial use?
Since the end of last year, the European Union and major European new energy vehicles & battery manufacturers have promulgated some new regulations, policies, and investment plan to support industry development, so in 2024, can the localized manufacturing of NEVs and batteries in Europe make an important step?
At present, new energy vehicles are facing competition from leading enterprises from China and the United States, and battery manufacturing is also a hot challenge. There is still a wide range of unmet demand for charging piles, and now it is closer to a phased zero carbon target of the European Union in 2035. Amid concerns from many industry peers, the European NEV Industry Chain Conference 2024, May 6-7th | Munich, Germany (ENEV2024) will be held on schedule.
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