Europe may be left behind in its quest to establish itself as a major electric vehicle (EV) player if it doesn’t compete with the Asian market, according to representatives of battery and car manufacturers from CATL, Volkswagen, Northvolt and TerraE at the Battery Show Europe in Hanover this week. European manufacturers have always been proud of their engineering know-how and particularly Germany has been hailed as a country that produces some of the most sought after automobiles. However, with the money that Asia and in particular China is putting behind the EV revolution, it may mean that Europe’s dominance of the car sector is nearing an end, the panelists said. Currently the majority of batteries are produced in Asia and then shipped to Europe. It takes six weeks to ship batteries from Asia to Europe and, while at current manufacturing levels this is not a problem, with demand for […]