Belgian media: Cooperation with China is the way out for the European battery industry

Brussels, March 16 (Xinhua) -- The Belgian newspaper Echo recently published an article by journalist Benjamin Everett, stating that China had accumulated automotive manufacturing technology by introducing European companies for cooperation, and now Europe urgently needs to learn from this development path in the field of batteries. The article summary is as follows:

High standard battery cell factories not only have high technical barriers, but also require huge capital investment. Despite the idea of localizing and cultivating this industry in Europe in recent years, the bankruptcy of Swedish battery manufacturer Nordvolt has awakened this dream like a bucket of cold water.

Julia Poliskanova, an expert from the European Transport and Environment Federation, has pointed out that the EU's fatal weakness lies in its inconsistency between words and actions, as it has never been able to establish a green investment fund that matches its strategy, resulting in clean technology losing its competitive edge in fierce competition.

Business competition waits for no one. According to Benchmark Mining Intelligence, a battery materials research institution, Northern Volta was originally expected to have a 13% share of European battery production capacity by 2030. Its bankruptcy not only means a setback for Europe's hopes of catching up with Asian battery giants, but also heralds the birth of a new pattern.

In the face of reality, the consensus in the European electric vehicle industry chain is that 'if you cannot defeat your opponent, then cooperate with them', which is particularly evident in the field of batteries. This kind of cooperation is exactly a replica of China's past reliance on European car companies to achieve technological accumulation. Under the cycle of history, it is now time for Europe to humbly retrace this path of cooperation.