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Europe delivers blow to Asia with $47B investment in EV battery gigafactories

  • The Next Web faviconThe Next Web

    By Ioanna LykiardopoulouJun 21, 2021, 11:17 am141 pts
    photo of Europe delivers blow to Asia with $47B investment in EV battery gigafactories imageAs EV sales are surging, Europe is trying to enhance its capacity to produce batteries domestically, instead of fully relying on Asian countries such as China, Japan, and South Korea, which are currently the major global manufacturers. As of May 2021, 38 battery cell gigafactories are being built or planned in…
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