Asia still dominates the market for Lithium-ion batteries, with China alone boasting more than 70% of the world’s cell production capacity. Yet the European market for lithium-ion cells is already growing faster thanks to brisk demand mainly from automotive OEMs. To keep up, European battery manufacturers must focus primarily on reducing both initial investment outlays and ongoing production costs.
Lithium-ion batteries for the global automotive industry and beyond
by Roland Berger
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