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Battery Cell Production Strengthens Europe as an Industrial Location

Battery Cell Production Strengthens Europe as an Industrial Location

Written By : Editorial
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Battery Cell Production Strengthens Europe as an Industrial LocationPrivate investors need framework conditions that enable innovations in cell production. VDMA study expects 155,000 new jobs to be created to meet demand in Europe. Mechanical and plant engineering supplies the necessary production technologies.

 Frankfurt, November 27th, 2018 – The mobility of the future will be determined equally by a further optimized combustion engine and an expansion of electric mobility. This is demonstrated by the billions of euros in investment earmarked by European automakers for the expansion of e-mobility. According to the VDMA, a battery cell production of its own initiated by private investors in Europe would be a step of enormous importance in order to maintain technological leadership in the mobility sector and stationary energy storage. Europe should develop its own sovereignty in cell production. The success of machine and plant manufacturers in European cell production – and also globally – is determined by references and unique selling propositions. “Europe’s strategic potential lies in a closed value chain,” says Hartmut Rauen, Deputy Managing Director of the VDMA.

A study carried out on behalf of the VDMA also shows that the forecast European demand for battery cells could create a total of around 155,000 jobs. High transport and logistics costs for the import of battery cells from Asia ensure that the cells are manufactured in Europe. The jobs would be created both in the factories and in the upstream value chains. One fifth of these jobs are in mechanical and plant engineering.

“The battery as the heart of electromobility accounts for 40 percent of the added value of an electric car. The battery cell accounts for 70 percent. These potentials can be exploited in Europe through successful cell production and the corresponding framework conditions,” said Rauen. “Mechanical and plant engineering plays a key role in electromobility because it supplies the necessary production technologies and process innovations to make battery cell production competitive,” explains the Deputy Managing Director of the VDMA.

Please read more from the “SOURCE at VDMA

The above material is written by “Ehsan Rahimzei”
Send email to: ehsan.rahimzei@vdma.org 

 

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