While German carmakers promote their electric cars, they are dependent on foreign-made battery cells. While potential suppliers are gearing up to change that, the domestic auto industry is taking a back seat. Is Germany missing the bus?
Germany's industrial giants have been reluctant to invest in the costly production of electric car battery cells until now. Will a €1 billion government grant be enough to recover time lost to China and South Korea?
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?
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?
The world's largest automotive supplier has decided against producing its own battery cells despite calls from EU politicians to do exactly that. Bosch said the investment would probably never pay off.
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