The European and American auto industries have announced when they plan to end their dependence on Chinese batteries

Strategically, the European and American auto industry have never been in this situation of complete dependence in the entire business segment. Simply, the dependence on Chinese, Japanese and South Korean batteries for electric cars is too great.

The US and Europe plan to reduce it, but nothing happens overnight and nothing is free. The idea is to almost cancel the need to import batteries by 2030 and investments that are greater than 160 billion euros, writes the Financial Times referring to the Goldman Sachs report.

Chinese dominance could be reversed by protectionist policies in the US and Europe, but also by an alternative chemical composition of batteries that require fewer minerals from China, i.e. by an increase in battery recycling, he writes. HAK magazine.

In terms of costs, $78.2 billion needs to be spent on battery consumption, $60.4 billion on component consumption, and $13.5 billion on lithium, nickel and cobalt mining, as well as $12.1 billion on refining those materials. .

Source: Revijahak.hr

Photo: Autoblog.rs Archive / Renault


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