Europe Should Learn from China's Cooperation Model in Battery Industry

An article recently pointed out that China achieved the accumulation of automobile manufacturing technology through cooperation with European enterprises in the past. Now, Europe urgently needs to learn from this development path in the battery field. The following is a summary of the article:

High - standard battery cell factories not only have high technical thresholds but also require huge capital investment. Although Europe has had the idea of cultivating this industry locally in recent years, the bankruptcy of the Swedish battery manufacturer Northvolt is like a bucket of cold water that has awakened this dream.

Julia Poliscanova, an expert from the European Federation for Transport and Environment, once pointed out that the EU's fatal weakness lies in the inconsistency between words and deeds. It has never established a green investment fund that matches its strategy, resulting in clean technologies losing the first - mover advantage in the fierce competition.

Business competition waits for no one. According to the prediction of Benchmark Mineral Intelligence, a battery materials research institution, Northvolt was originally expected to hold 13% of Europe's battery production capacity by 2030. Its bankruptcy not only means that Europe's hope of catching up with Asian battery giants has been frustrated but also foreshadows the birth of a new pattern.

Facing the reality, "if you can't beat your opponent, cooperate with them" has become the consensus of the European electric vehicle industry chain, which is particularly evident in the battery field. This kind of cooperation is exactly a copy of China's technology accumulation by leveraging European car companies in the past. Under the cycle of history, it's time for Europe to humbly follow this cooperation path again.