BRUSSELS -- The European Union could produce enough automotive batteries by 2025 to power its fast-growing fleet of EVs without relying on imported cells, European Commission Vice President Maros Sefcovic said on Tuesday.
"I am confident that by 2025, the EU will be able to produce enough battery cells to meet the needs of the European automotive industry, and even to build our export capacity," Sefcovic told the online European Conference on Batteries.
Today, China hosts roughly 80 percent of the world's lithium ion cell production, but Europe's capacity is set to expand fast.
Europe has 15 large-scale battery cell factories under construction, including Swedish company Northvolt's plants in Sweden and Germany, Chinese battery maker CATL's German facility, and South Korean company SK Innovation's second plant in Hungary.
Sefcovic said by 2025 planned European facilities would produce enough cells to power at least 6 million electric vehicles.
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