"At present, China has led a few steps ahead of chess"

According to the British "Financial Times" website on September 20, Europe lags behind China in the competition of electric vehicle supply chain.

It is reported that since its introduction, the automotive industry has developed into an important cornerstone of European economic growth and prosperity. However, as China establishes greater control over the supply chain of electric vehicle, the European automobile industry that strives to catch up is one of the biggest challenges in history.

Emma Neullenheim, the most advanced battery manufacturing start -ups in Europe's most advanced battery manufacturing startup, said that this not only means building a factory to produce batteries, but also involves the entire ecosystem required for the factory, including mining, including mining, including mining , Refining and chemical engineering. She said: "Who has the ability to process, who can control the source of the material and trade."

It is reported that the EU has a grand ambition in the field of electric vehicles and plans to stop selling fuel vehicles by 2035. EU leadership plans to promote legislation involving key raw materials in order to provide funds and reserve for strategic projects.

Data pictures: The Hungarian factory project in Ningde Times was officially launched. On September 5th, at the Hungary Debreson, workers drove bulldozers on the construction site of the Hungarian factory in Ningde. (Xinhua News Agency)

However, China's leading advantage in the field of electric vehicle battery manufacturing is obvious. According to the benchmark mining intelligence company, the lithium batteries produced in China this year will account for 76%of the world, while the EU will only account for 7%.

"There is a lot of distance to catch up," said Francis Vendin, the CEO of Vulcan Energy Company, who hopes to produce key battery materials in Germany, said, "China has already led several steps ahead."

The report also said that Livista Energy, headquartered in Luxembourg, is seeking the establishment of a lithium refining plant in the UK and continental Europe. The company's director Roland Geter said that letting the supply chain prepare for the soaring demand for electric vehicles has become the primary problem facing the automotive industry. He said that Europe is trying to "compete with people who have been leading for 20 years and have generated cash flow."

Even if Europe can attract investment in the field of battery manufacturing, executives can still see the huge differences between Asian battery manufacturers and European domestic manufacturers. Then purchase materials and support a local supply chain. Not long ago, Ningde Times has announced that it has spent about $ 7 billion to build a super factory in Hungary as a battery production base.

It is reported that the European automobile industry also faces challenges in establishing a motor chain. Electric is an expensive component in electric vehicles. They need highly professional permanent magnets, and this permanent magnet is extremely difficult to extract and process rare earth. China dominates the production and processing of rare earth.

The report also said that in Europe's supply chain, only Canadian new performance materials companies can separate rare earth materials used to create permanent magnets. The company has the exploration of a rare earth mine in Greenland.

CEO of New Performance Materials Company Constantine Karajan Nonopros said that Europe has just realized the key to China's leading position. He said: "One of the omissions of the relevant statement is that China is the largest rare earth producer because it is the largest rare earth consumer country."

Source: Reference message

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