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Europe’s EV Battery Plans Fade on China Price War, US Aid

Charging status seen at a display at Porsche`s worldwide first Porsche Charging Lounge in Bingen, Germany, on Monday, Aug. 28, 2023 At the Premium Porsche Charging Lounge can Porsche owners exclusively charge their e-cars. Photographer: Alex Kraus/Bloomberg
Charging status seen at a display at Porsche`s worldwide first Porsche Charging Lounge in Bingen, Germany, on Monday, Aug. 28, 2023 At the Premium Porsche Charging Lounge can Porsche owners exclusively charge their e-cars. Photographer: Alex Kraus/Bloomberg Bloomberg

Joshua Gallu and Chunying Zhang/Bloomberg
20. jun. 2024 KL. 14.20 Gem til senere

(Bloomberg) -- In 2019, France and Germany agreed to pump billions of euros into a plan to boost Europe’s battery industry and try to catch up with China. Five years later, that effort is running out of steam.

As electric-vehicle sales slow, companies including Volkswagen, Stellantis and Mercedes-Benz are scaling back or refocusing battery projects. Chinese manufacturers are slashing costs and the US is drawing away investment with lucrative subsidies.


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