In the doldrums, the European battery industry is experiencing production problems and is suffering from the slow takeoff of e-vehicle sales. Added to this are manufacturers’ hesitations about the technology to adopt.
This article comes from “Figaro Magazine”
We saw it at the Paris Motor Show, which opened on Monday in Paris: on the European market, confusion reigns. If sales are falling and putting manufacturers in difficulty, it is largely because the transition to electric vehicles planned by the European Union from 2035 – with the ban on the sale of thermal engines – is punctuated by uncertainties: after having distributed bonuses to buyers, States back down; falling demand for electric cars drives up prices; and manufacturers are hesitant about which battery technology to adopt. The consequence is disastrous. In August, electric vehicle registrations in the EU plunged by 43.9%.
At the start of autumn 2024, it is the battery manufacturers who are bearing the brunt. The Swedish company Northvolt, supplier to Volkswagen – which holds 21% of its capital – and Volvo, seems on the verge of bankruptcy. After filing for bankruptcy…
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