Close Menu
  • Home
  • Automobile
  • Battery
  • Charging
  • China
  • Autonomous
  • Air Mobility
  • Hydrogen
  • Others
    • Study
    • Fleets
    • Politics
    • Commercial vehicles
    • Electric Motorcycles
    • Electric Bike
    • Finance
    • Public Transport
    • Software
    • Conversion
    • Sales
    • Concept
    • Electric Boats
    • Sport
      • Formula E
      • MotoE
What's Hot

May Mobility Launches Ride-Hail Integration API to Support Global AV Deployments

July 14, 2025

Tesla Sales in Canada Fall 67% in H1 2025 Amid Rebate Cuts and Tariff Pressures

July 14, 2025

DEKRA and Windrose Collaborate on Safety Measures for Electric and Autonomous Trucks

July 14, 2025
Facebook X (Twitter) Instagram
  • Home
  • About Us
  • Advertising
  • Media Kit
  • Support EVMagz
  • Newsletter
  • AI Policy
  • Cookie Policy
  • Contact
Facebook X (Twitter) Instagram Pinterest YouTube LinkedIn WhatsApp
EVMagz
  • Home
  • Automobile
  • Battery
  • Charging
  • China
  • Autonomous
  • Air Mobility
  • Hydrogen
  • Others
    • Study
    • Fleets
    • Politics
    • Commercial vehicles
    • Electric Motorcycles
    • Electric Bike
    • Finance
    • Public Transport
    • Software
    • Conversion
    • Sales
    • Concept
    • Electric Boats
    • Sport
      • Formula E
      • MotoE
EVMagz
  • Home
  • Automobile
  • Battery
  • Charging
  • China
  • Autonomous
  • Air Mobility
  • Hydrogen
  • Others
Home » News » Battery » US and Europe could end reliance on Chinese EV batteries by 2030 with more than $160 billion investment
Battery

US and Europe could end reliance on Chinese EV batteries by 2030 with more than $160 billion investment

By Shaun WilliamsNovember 22, 2022Updated:November 22, 2022No Comments2 Mins Read
Facebook Twitter Reddit WhatsApp Pinterest LinkedIn Email Telegram Copy Link
GM Defense to develop battery technology for US military vehicles

With a $160 billion investment, the United States and Europe will be able to reduce their dependence on electric vehicle battery supplies from China, the Financial Times reported on Monday, citing a Goldman Sachs forecast.

Demand for electric vehicle batteries could be met without China in the next three to five years, as a result of investments in the US by South Korean conglomerates LG and SK Hynix.

To reduce supply chain dependence on Chinese suppliers, investment of $78.2 billion is needed for batteries, $60.4 billion for components and $13.5 billion for lithium, nickel and cobalt mining, and $12.1 billion for refining the minerals, said Financial Times.

Korean battery makers’ market share in the US will jump to around 55% in three years, up from just 11% in 2021.

Companies from China are currently dominating battery production, including mining and refining of mining materials.

Analysts say the company’s dominance of China could be undone by protectionist policies in Europe and the United States, coupled with alternative battery chemicals.

Bruno Venditti and Sabrina Lam from Visual Capitalist said the 10 largest battery manufacturers in the world are Asian companies.

Chinese companies control 56% of the EV battery market share in Asia. Meanwhile, Korean companies control 26% of the market and Japanese manufacturers have 10% market share.

Contemporary Amperex Technology Co. Ltd. (CATL) is an electric car battery manufacturer from China. The company dominates the world electric vehicle battery market where currently its market share has reached 34%, an increase from 32% in 2021.

See Also:

  1. EV battery manufacturers are racing to develop cheaper cell materials, reducing dependence on China
  2. CATL to provide lithium iron phosphate (LFP) batteries for Solaris electric buses
  3. Our Next Energy launches 240-Ah cell with anode-free
  4. Cirba Solutions and General Motors Extend collaboration for recycle electric vehicle battery
  5. Canada kicks out three Chinese firms from lithium mining
Battery CATL China Electric Car Electric Vehicle Europe EV Battery Lithium Nickel Supply Chain Technology
Follow on Google News Follow on Flipboard
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Reddit WhatsApp Copy Link

Related Posts

May Mobility Launches Ride-Hail Integration API to Support Global AV Deployments

July 14, 2025

DEKRA and Windrose Collaborate on Safety Measures for Electric and Autonomous Trucks

July 14, 2025

GreenFlux Reaches 1 Million EV Charge Points in European Roaming Network

July 14, 2025

EU Launches TALISSMAN Project to Advance Safer and High-Performance Lithium-Sulphur Batteries for Mobility

July 13, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

May Mobility Launches Ride-Hail Integration API to Support Global AV Deployments

July 14, 2025

Tesla Sales in Canada Fall 67% in H1 2025 Amid Rebate Cuts and Tariff Pressures

July 14, 2025

DEKRA and Windrose Collaborate on Safety Measures for Electric and Autonomous Trucks

July 14, 2025

GreenFlux Reaches 1 Million EV Charge Points in European Roaming Network

July 14, 2025

Tesla Semi Charging Network Expands as PepsiCo Plans 18-Megacharger Station in North Carolina

July 14, 2025

Subscribe to Updates

Get our daily electric vehicles news straight into your inbox!

Welcome to EVMagz, your ultimate source for the latest news and updates on the electric vehicle industry, sustainable mobility, and green energy.

As a website dedicated to promoting the shift towards sustainable transportation and a greener future, EVMagz is committed to providing our readers with accurate and up-to-date information on the electric vehicle industry and the latest developments in sustainable mobility.

Top Insights

May Mobility Launches Ride-Hail Integration API to Support Global AV Deployments

July 14, 2025

Tesla Sales in Canada Fall 67% in H1 2025 Amid Rebate Cuts and Tariff Pressures

July 14, 2025

DEKRA and Windrose Collaborate on Safety Measures for Electric and Autonomous Trucks

July 14, 2025
Get Informed

Subscribe to Updates

Get our daily electric vehicles news straight into your inbox!

Facebook X (Twitter) Instagram Pinterest YouTube LinkedIn WhatsApp
  • Home
  • About Us
  • Advertising
  • Media Kit
  • Support EVMagz
  • Newsletter
  • AI Policy
  • Cookie Policy
  • Contact
© 2025 EVMagz. Designed by EVMagz.

Type above and press Enter to search. Press Esc to cancel.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT