Competitive Market of Battery Production - Europe vs. Asia
16 November 2019
The gaining traction of electric vehicles (EV) industry and the renewable energy adoption of Europe have been pushing the local demand higher. However, the lack of native supply has allowed many international Asian companies such as LG Chem and Samsung to take over the market. In fact, in 2018, less than 3% of total demand was supplied by European companies for the EV market. The domination…