Set-Back for European Battery Production by TerraE Consortium
DRESDEN, Germany – The TerraE consortium, set up with great ambitions about a year and a half ago to establish a giga factory to produce lithium-ion cells, has seemed to have failed. The well-known German media Tagesspiegel reports that none of the companies participating in the consortium wants to take the financial responsibility necessary to start the large-scale production.
Some 20 companies and research institutes participated in the consortium which was created to take the next step in the foundation of a European battery cell factory. Also BMZ, well known in the bicycle industry, is one of the participants in TerraE. “The production of lithium ion cells up and running as quickly as possible in Germany is of vital importance for being able to keep delivering complete battery packs to e-bike manufacturers,” said BMZ CEO Sven Bauer of Europe’s biggest battery maker in Bike Europe.
The end of TerraE is coming soon reported Tagesspiegel. Founded in May 2017, TerraE intended to build up cell production with a capacity of 34 GWh investing around 4 billion euros by 2028. The project is supposed to have failed due to the willingness of the involved parties to invest. Nevertheless, plans for bicycle cell production in Germany are still alive. Tagesspiegel also report that the German Federal Minister of Economics Peter Altmaier intends to present a new battery cell consortium on 13 November, which is said to include Ford as well as Varta Microbattery.