Europe will develop a new generation of electric vehicle battery technology to catch up with China
Roberto Vavassori, head of the European Association of Auto Parts Suppliers (CLEPA), said at the London Automotive Summit that investment in the development of a new generation of batteries is necessary in view of the rising market demand in the battery industry.
With the emergence of electric vehicles, the battery market demand will also rise sharply. If electric vehicle sales account for 1% of global car sales, there is an urgent need to build battery manufacturers like Tesla and Panasonic's joint venture super battery factory. Vavassori believes that China is a leader in battery technology compared to Europe. Therefore, he called on Europe to actively respond to and develop the battery manufacturing industry.
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