10 to 20 Battery Giga-factories Needed; EU Commission Calls for Industry-led Initiatives

BRUSSELS, Belgium – According to forecasts, the battery market in Europe could be worth up to 250 billion euros from 2025 on. To meet this demand alone, Europe would need 10 to 20 Giga-factories for battery cell manufacturing. Due to the required investment volume and pace, this industrial challenge cannot be let uncoordinated by the EU. The EU Commission continues to call for industry-led initiatives for which it is to create the political and financial framework for a successful implementation.
Next year TerraE expects to be able to produce the first battery cells in Europe at this facility. – Photo M&W