
Battery illusions
The strategies of Western car manufacturers for electric mobility prioritize growth markets and partnerships with Asian battery providers, none of which bodes well for a balanced and mutually beneficial EU-China relationship



The strategies of Western car manufacturers for electric mobility prioritize growth markets and partnerships with Asian battery providers, none of which bodes well for a balanced and mutually beneficial EU-China relationship

Asian battery providers have achieved global dominance and western car industries have little choice but to tie their technological ambitions to the master player and largest market, China - in the short and medium term

Electrical vehicles are cool and China opens the march - with breathless politicians committing to an all-electric not-so-distant future, the more thoughtful reservations of the industry are cheerfully ignored

While much is made of announcements by automakers about battery powered line-ups from 2020 on...., not much is heard about China refining four-fifths of cobalt sulphates and oxides used in lithium-ion batteries

Very ambitious growth targets announced by most car manufacturers for electrical vehicle line-up are powering a race to dominate the battery industry

"While you hear about designing out cobalt, this is not going to happen in the next three decades. It simply doesn’t work....” - according to Umicore [UMICY/OTC] Chief Executive Marc Grynberg