German car industry shies away from battery cell production
German carmakers and suppliers are reluctant to agree to battery cell production in Europe despite the recent EU Commission initiative to build an “Airbus for batteries”, reports Joachim Becker in Süddeutsche Zeitung. Industry managers argue that even Asian market leaders Panasonic, LG and Samsung currently do not earn money with EV batteries despite their large technological head start, making cell production an extremely costly and risky investment. Some suppliers, such as Bosch, believe it might be more promising to invest in an entirely new generation of battery technology.
Read the article in German here.
For background, read the dossier The Energiewende and German carmakers.