Risk analysis of building gigafactories in Europe
Cost pressures from Chinese battery cell manufacturers, EU’s bet on sustainability over affordability of battery cells, lack of an established manufacturing ecosystem for LFP cells, indistinct policy frameworks are some of the core threats that undermine EU’s capability to challenge Greater China’s hegemony on batteries
Europe and the UK region have witnessed a few high-profile battery companies abruptly filing for insolvency in the recent past, leaving behind a noteworthy setback for the region’s local battery production ambitions.
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