Europe EV Battery Market 2022-2027

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    EUROPE EV BATTERY MARKET

     

    INTRODUCTION

    For hybrid electric cars (HEVs), plug-in hybrid electric vehicles (PHEVs), and all-electric vehicles, energy storage technologies, generally batteries, are required . Because of its high energy per unit mass compared to other electrical energy storage technologies, lithium-ion batteries are presently utilised in most portable consumer devices such as mobile phones and laptops alongside the latest integration within the EV segment of operations.

     

    Electric vehicles (EVs) are gaining popularity as a result of a number of causes, including lower prices and increased climate and environmental consciousness. There have been significant improvements in the development of batteries in recent years. Furthermore, global manufacturing of batteries for electric vehicles (EVs) has grown, which corresponds to the forecasted demand for batteries.

     

    infographic: Europe EV Battery Market, Europe EV Battery Market Size, Europe EV Battery Market Trends, Europe EV Battery Market Forecast, Europe EV Battery Market Risks, Europe EV Battery Market Report, Europe EV Battery Market Share

     

    Under specific conditions, the battery capacity reflects the greatest amount of energy that can be recovered from the battery. This unit can be represented in either ampere hour (Ah) or watt hour (Wh), but electric cars prefer the latter.

     

    Currently, the batteries are the main obstacle to EV wider adoption. The development of better, cheaper, and higher capacity batteries will extend vehicles autonomy, and the users view them as a true alternative to the internal combustion engine vehicles

     

    The battery pack is the costliest component in any electric vehicle. For example, the Nissan LEAF’s lithium-ion batteries were initially a third of the vehicle’s total cost. Another fact that reinforces the battery cost reduction trend is building a “Gigafactory” in order to cut down on the production costs and raise the manufacturing of batteries.

     

     

    EUROPE EV BATTERY MARKET DEVELOPMENTS AND INNOVATIONS

     

    infographic: Europe EV Battery Market, Europe EV Battery Market Size, Europe EV Battery Market Trends, Europe EV Battery Market Forecast, Europe EV Battery Market Risks, Europe EV Battery Market Report, Europe EV Battery Market Share

     

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 Volkswagen under plans to industrialise EV battery Production in EU The German car manufacturer will manufacture batteries for EVs in Germany together with Chinese EV battery maker Goxuan High-tech. Europe Union Nations This would enhance better EV battery Technologies and production
    2 38 New EV Battery Giga Factories planned in EU Of the 38 projects in the pipeline, 17 have secured funding so far, representing approximately $30 billion of total investment. Ten other projects, representing another $16.8 billion, have secured partial financing, and 11 more giga factories have recently been announced, but have not confirmed financing. Europe Union Nations This would help in better presence of Rivian and other production process improvements
    3 Nissan drives towards push on EV battery Plant Nissan has pledged 1.4 Billion USD towards Battery plant in England England This would improve its presence and production capability of new generation batteries.
    4 TES and EV Battery recycling Facility placement Singapore-based provider of sustainable technology lifecycle and IT services, TES has announced it has agreed to a deal that secures the future of a 10,000 square meter lithium battery recycling facility in the Port Of Rotterdam, Europe’s largest seaport. England The Facility would bring upon better opportunities towards Battery scraping and better LCA in EVs
    5 CEZ Battery Plant push towards central Europe  

    The Czech Industry Ministry and majority state-owned utility CEZ pushed ahead with plans for an electric vehicle battery plant in the central European country as they look for partners in the more than $2 billion project.

    Central Europe It would have an annual capacity of 40 GWh alongside possible job creations.

     

     

    EUROPE EV BATTERY MARKET DYNAMICS

     

    SI No Timeline Company Developments
    1  

    December 2021

     

    Amara Raja

    Amara Raja Batteries on Wednesday said it plans to invest in InoBat Auto, a European technology developer and manufacturer of premium innovative batteries for e-mobility.
    2 February 2021 FREYR FREYR, a European battery producer, went public with a $1.4 billion value thanks to a special purpose acquisition vehicle.
    4 April 2021 Britishvolt

     

    Britishvolt, the business behind the UK’s first massive battery manufacturing, is considering merging with a special purpose acquisition company, or SPAC, to go public.

     

    Europe is making strides in developing a lithium-ion battery (LIB) sector. Despite the gap between European firms and the top industry incumbents, there are compelling reasons for European companies to enter the market. LIB technologies are not monolithic. Cost considerations and product requirements dictate their suitability for each application.

     

    Lithium-ion battery applications are booming, ranging from electric automobiles to energy storage systems, thanks to a global transition away from fossil fuels. There is presently a concentrated drive to establish European sovereignty in LIBs, including the European Battery Alliance to encourage production and research and innovation programmes like “Horizon 2020″ and ” Battery 2030+”

     

    infographic: Europe EV Battery Market, Europe EV Battery Market Size, Europe EV Battery Market Trends, Europe EV Battery Market Forecast, Europe EV Battery Market Risks, Europe EV Battery Market Report, Europe EV Battery Market Share

     

    European businesses, on the other hand, confront a difficult industry climate with considerable obstacles. Asian players dominate the lithium-ion battery production scene, accounting for ~90 percent of worldwide manufacturing capacity.

     

    The Asian giants are entering Europe to meet local demand. In addition to competing against their scale and cost advantages, new entrants must reckon with a fast-paced and dynamic landscape.

     

    LIB technology and industry are rapidly evolving, which presents opportunities. There are four strategic reasons why European LIB players and equipment makers are getting a second shot. To begin with, European manufacturers have not just access to finance, but also to advantageous economic conditions. Local manufacturers give a ten percent cost savings over Asian imports.

     

    LG Chem’s LG Energy Solution (LGES) just presented a article about their lithium-ion battery cell factory in Poland, giving us a rare look inside this massive megafactory.

     

    The plant, which is located in Wrocaw, western Poland, is Europe’s and one of the world’s largest electric vehicle battery plants.

     

    That’s a huge volume, and it’s likely the largest LGES battery factory yet. This single site is thought to be capable of producing enough batteries for several hundred thousand electric automobiles each year.

     

    There are numerous innovative and highly automated manufacturing processes available. The factory is also powered by carbon-neutral electricity, according to the South Korean business.

     

    EUROPE EV BATTERY MARKET SEGMENTATION

     

    The Europe EV Battery Market can be segmented into following categories for further analysis.

     

    By EV Type

    • HEV
    • BEV
    • PHEV
    • FCEV

     

    By Battery Type

    • Lithium Nickel Manganese Cobalt (LI-NMC)
    • Lithium Iron Phosphate (LFP)
    • Lithium Cobalt Oxide (LCO)
    • Lithium Titanate Oxide (LTO)
    • Lithium Manganese Oxide (LMO)
    • Lithium Nickel Cobalt Aluminium Oxide (NCA)

     

    By Power Capacity Type

    • Less than 35kWh
    • 35-55kWh
    • 55-75kWh
    • More than 75kWh

     

    RECENT MARKET TECHNOLOGICAL TRENDS IN EUROPE EV BATTERY MARKET

    The Europe EV battery market has recently made its technological intervention through varied amounts of research and development. The Private and Public based Research collaboration has been important in placing the battery technology into the market requirements. The Nations have been developing the required infrastructure to better mobility solutions.

     

    infographic: Europe EV Battery Market, Europe EV Battery Market Size, Europe EV Battery Market Trends, Europe EV Battery Market Forecast, Europe EV Battery Market Risks, Europe EV Battery Market Report, Europe EV Battery Market Share

     

    In the most recent battery technology, High-molecular materials with high insulation such as polyolefin, polypropylene are used for separators. These materials are stretched to make tiny pores, and there are dry and wet processes to do it. There has been a more focused approach on the safety integration concept of battery operations.

     

    There has been more of limited usage to one film material as a separator, but these days, there has been use of various materials by coating them to enhance performance of separators.

     

    Solid-state batteries, which are not yet being used in mass-market cars, promise to offer greater energy density compared to the lithium-ion batteries typically used in today’s electric vehicles. There is extensive use of sulfide-based cells and promises that its solid electrolyte is not flammable, and it delivers more than 50 percent more energy density.

     

    RECENT LAUNCH IN THE EUROPE EV BATTERY MARKET

    Northvolt, a Swedish battery business, had opened a gigafactory in Sweden, the first of its sort on the continent by a European company. The facility in Skelleftea, northern Sweden, constructed its first electric cell to compete with Tesla and Asian suppliers of lithium-ion batteries for electric vehicles, according to a statement from Northvolt.

     

    With an annual production capacity of 60 gigawatt hours, the factory is estimated to manufacture enough batteries to power one million electric vehicles once it reaches full capacity (GWh).

     

    RECENT PARTNERSHIPS IN THE EUROPE EV BATTERY MARKET

    Bosch is the largest automotive supplier in the world, as well as a prominent provider of production equipment. It plans to deliver the whole range of processing equipment and components required for large-scale manufacturing of battery cells and systems in collaboration with Volkswagen.

     

    Nissan and Enel have teamed up to build an innovative “Second Life” battery storage solution for used electric vehicles.Nissan provided the batteries from its electric vehicles as part of the agreement, whereas Loccioni, a system integrator, ensured optimal battery integration for the circular process.

     

    The project makes use of advanced technology and therefore is based on a simple concept: when a battery in an electric vehicle approaches the end of its useful life, it is recycled and reassembled in a gigantic stationary storage system.

     

    This system is linked to Endesa’s Melilla plant to avoid power outages during periods of high demand, increase grid resilience, and provide network service continuity for the local population. The backup generator is made up of 48 Nissan LEAF batteries that have been used before and 30 new ones.

     

    Galp and Northvolt have decided to form Aurora, a joint venture that will serve as a stepping stone toward the establishment of an integrated lithium-battery value chain that is aligned with Portuguese and European goals.

     

    The JV will develop a plant with an initial annual production capacity of up to 35,000 tonnes of battery-grade lithium hydroxide – a critical material required by the lithium-ion battery manufacturing industry, which is expected to grow more than tenfold by the end of the decade – with the main goal of establishing Europe’s largest and most sustainable integrated lithium conversion plant.

     

    To maximise sustainability and efficiency, the factory will use a proven conversion method, utilising current process advances and technology.

     

    COMPETITIVE LANDSCAPE IN THE EUROPE EV BATTERY MARKET

     

    SI No Timeline Company Developments
    1  

    August 2021

     

    ESGA

    European Sustainable Growth Acquisition Corp (ESGA) and a German company involved in battery charging systems, ADS-TEC Energy, have agreed to merge.The newly merged entity is set to have an enterprise value of approximately USD 580 million.
    2 February 2022 LG Energy LG Energy Solution acquires 100% share of NEC Energy Solutions, a non-automotive lithium-ion battery and system integration business.
    4 December 2021 Continental Continental Battery Company welcomes battery systems in a merger of mutual commitment to service and customer excellence.

     

    EV Batteries form to be the heart and soul of the propulsion in the EVs on a large scale of operations irrespective of the vehicle category being used in the market. Thereby the technological advancement and better mobility solutions are to be placed to have better consistency in battery technology and manufacturing capabilities.

     

    The European Nations based EV manufacturing companies have made a focused approach on decreasing the dependency on China for EV batteries and place up new stations of manufacturing within the nations.

     

    Volkswagen has made its introduction into the EV Battery manufacturing segment of operations in recent developments. Volkswagen has announced plans to build six EV battery factories across Europe by 2030. The business intends to mass-produce standardised batteries in order to cut costs and boost vehicle profitability.

     

    In order to achieve its objectives, the German carmaker has expanded its current collaboration with the Chinese battery manufacturer Guoxuan High-tech (also known as Gotion High-Tech) to manufacture batteries. The new strategy would make battery production a core business of VW. Plans are already underway for the construction of six massive battery manufacturing plants across Europe and the US.

     

    The PSA Group and French battery maker SAFT (one of the seven largest battery makers in the world) intend to set one gigafactory up in France while Volkswagen aims to open six gigafactories in the coming years, across Europe. With conventional assembly lines being made redundant, the resulting unemployment could be, to a degree, cured with the emergence of multiple gigafactories

     

    Samsung Europe which has been the SDK Division of operations under the Battery technology requirements of EV has been of major importance in the EU.

     

    The Most recent advancement has a competitive edge by securing own separator coating technology. It developed an ultra-high heat-resistant separator to ensure safety, and thin films to increase capacity. And are currently using adhesive separators for high quality, and working on the high heat-resistant adhesive separators, which is at the final stage of mass-production for high safety and quality.

     

    COMPANIES PROFILED

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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