Energy storage comprises more than 30 percent of the costs of e-car production. The battery is viewed as the decisive component. So far, no European company is among the leading battery makers, but that might be set to change.
Chief Executive Oliver Blume has said the sports carmaker will focus on petrol/gasoline, hybrid and all-electric vehicles. Porsche and its parent Volkswagen have seen their image take a beating in the wake of Dieselgate.
China's CATL corporation will build a lithium-ion battery cell factory in Thuringia, Germany, to supply electric vehicle makers. In contrast, BMW and Bosch have recently abandoned plans to make battery cells. Why?
German carmakers risk falling behind when it comes to electric vehicle technology, chancellor candidate Martin Schulz has warned. The SPD leader said carmakers they can no longer afford to be "arrogant."
The future of Europe's carmakers depends on reliable supplies of cheap lithium-ion cells, a key component of e-car batteries. But such cells are nearly all made in Asia. Does Europe need its own Li-ion cell supply?
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