According to Reuters, Chinese battery maker BYD is currently considering building batteries in Europe. Brussels is also trying to establish a battery industry in the country to meet the demand for a surge in electric vehicle production. BYD wants to enter the European market. At present, there is only one battery factory in Europe that produces electric vehicle battery cells. The battery factory is located in the UK and produces batteries for the Nissan electric vehicles such as the Leaf. Companies in various countries are aiming at Europe and want to accelerate the construction of battery factories. Here are some of the plans for manufacturers to build battery factories in Europe:
NORTHVOLT
The Swedish company, led by a former Tesla executive, wants to establish Europe’s largest lithium-ion battery plant and plans to produce 32 GWh of batteries each year before 2023 to challenge Tesla’s US “gigafactoryâ€. Northvolt has invested 4 billion euros (4.7 billion U.S. dollars) in a battery plant with Siemens, ABB Group and Volkswagen's truck manufacturer Scania, which has also received funding from the European Investment Bank.
TerraE
TerraE Holdings, Frankfurt, Germany, has formed a consortium of 17 companies and research institutes and plans to build two foundries that can customize lithium-ion battery cells according to customer specifications. By 2028, the annual production capacity of these two plants will reach 34GWh.
BYD
According to Bernstein Research, China’s electric car maker BYD is also one of the world’s largest battery manufacturers, with the lowest production costs in the industry. An executive from BYD told Reuters that BYD is considering setting up a plant in Europe for battery production, but the exact location is still uncertain.
BYD's business is continuously growing, from the manufacture of electric buses and monorails, to the establishment of solar farms and the development of energy storage. BYD currently owns an electric bus production base in Europe, Hungary and France respectively.
BYD warned in March that the retreat of new energy vehicle subsidies in China may reduce its 90% quarterly profit. In the first quarter of this year, BYD's net profit fell by as much as 83.09%, and in its quarterly report, it estimated its operating performance from January to June 2018, and the range of net profit attributable to shareholders of listed companies from January to June in 2018 - 82.59% to -70.98%.
Ningde Times
One of China's largest car battery makers, the Ningde Times (CATL), said in November last year that the company plans to publicly raise $2 billion to raise its lithium-ion battery production by 6 times in 2020 to 50GWh. In January last year, CATL acquired a 22% stake in Finnish automobile supplier Valmet Automotive and stated that it plans to build a plant in Europe, but details were not announced. Both Volkswagen and Daimler signed a contract with Ningde in the past and plan to buy batteries produced in the Ningde era.
LG Chemical
South Korea’s LG Chemical Corp plans to build a battery factory in Poland that will provide power batteries for 100,000 electric vehicles each year, which is expected to be completed this year. LG Chemicals supplies batteries for Volkswagen, GM and Renault.
Samsung SDI
South Korea’s Samsung SDI plans to open a battery plant near Budapest this year, which will provide batteries for 50,000 electric vehicles each year.
Samsung SDI, a subsidiary of Samsung Electronics Co., Ltd., also produces rechargeable batteries for electronic devices such as smartphones and energy storage systems. Samsung SDI, which has assembled battery packs at its Austrian plant, is a supplier of Volkswagen and BMW batteries.
SK Group
South Korea's SK Group plans to break ground for its Hungarian battery plant this year and start production from 2020, producing 7.5GWh of batteries each year.
SK Group stated that Daimler is also their customer. The SK Group was originally called the Korea Petroleum Corporation and owns the largest crude oil refinery in Korea. It also has divisions such as chemicals, lubricants, batteries, and electronic materials.
Jinsha River Venture Capital
Last year, the Chinese investment company GSR Capital and Nissan’s rechargeable battery subsidiary Automotive Energy SupplyCorp (AESC) approached the acquisition agreement, including battery factories in Japan, Tennessee, and England. Its UK plant produces 2 GWh of lithium-ion batteries for Nissan's electric vehicles each year.
In February of this year, GSR and ZorluHolding of Turkey signed a joint venture agreement valued at US$4.5 billion and plans to set up a joint venture plant to mass produce batteries for electric vehicles and energy storage systems in 2023.
In March, GSR stated that it will invest 500 million U.S. dollars in National Energy Electric Vehicles Sweden Ltd. (NEVS) and plans to produce electric vehicle batteries at NEVS. GSR Capital’s Chairman Sonny Wu told Reuters that the Swedish factory may mass-produce in the middle and late 2019, and GSR also considers adding battery factories elsewhere in Europe.
Jessica Yuasa
Japanese battery maker GS Yuasa (Jessica Yushoku) said in January that it will set up a plant in Hungary for the assembly of lithium-ion batteries and will consider producing batteries here in the future. Last year, Nikkei Industry News reported that the company will begin mass production of a new type of lithium-ion battery, which will be put into use as early as 2020, and will double the range of electric vehicles.
Tianjin Lishen
According to the company’s internal news, Tianjin Lishen, a Chinese battery manufacturer, plans to open a sales office in Germany, which will become the company’s first sales office in Europe and talks with Volkswagen and Daimler. The biggest shareholder of Power God is the Central Enterprise China Electronics Technology Group (CETC).
Saft
Saft, a French energy company owned by Total, produces a range of batteries, including backup power supplies and industrial batteries, but does not include electric vehicle batteries. In February, it established an alliance with Siemens, Solvay and the Manz Group to develop next-generation batteries. The group will focus on advanced high-density lithium-ion and solid-state battery technologies targeting the markets of electric cars, railways, maritime affairs and other fields.
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