Beijing’s CATL is sending over 2,000 workers to Spain to build a €4bn plant with Stellantis, impacting Europe’s EV ambitions. The move aims to quickly ramp up production by transplanting equipment and workers from China to ensure quality and efficiency. Joint ventures like Stellantis and CATL are crucial for sharing costs and risks. While Europe may want to replicate China’s success in the auto industry, challenges lie in technology transfer and cost competitiveness. The focus now shifts to battery chemistry and efficiency, with LFP becoming popular for its cost-effectiveness and scalability. China’s dominance in the battery supply chain poses a challenge for Europe’s EV growth, with the need for strategic planning and long-term investment in raw materials. The upcoming GlobalData Automotive Europe 2025 Conference will delve into the battery supply chain and technology driving EV market growth.

Read more at Yahoo Finance: Europe’s costly catch-up with China