Chinese Battery Industry Enters European Market
The European power battery market is accelerating. Data show that in 2019, European electric vehicle sales reached 557 thousand units, an increase of 45% year-on-year; the growth of electric vehicle sales has driven the demand for power batteries to show high growth. Some agencies predict that in the next 10 years, the compound growth rate of electric vehicles in Europe will reach 28%, and the compound growth rate of power battery demand will reach 34%; it is expected that by 2030, the demand for batteries in the European market will reach 400GWh.
In recent years, China's power battery industry chain enterprises have continued to develop and grow, and a group of powerful companies are ambitiously entering the European market.
The leader of the CATL took the lead. As early as July 2018, CATL announced an investment of 240 million euros to set up a battery production base in Thuringia, Germany. The project is divided into two phases of construction and is scheduled to be put into operation in 2021. In October 2019, the first overseas factory in Thuringia, Germany, officially broke ground. According to the plan, the CATL European factory has a construction area of 23 hectares this time. The production line includes battery cells and module products. It is expected to achieve a battery capacity of 14GWh by 2022.
Matthias Zentgraf, Co-President of CATL Europe, said that Germany has a strong foundation in the automotive industry and is also the headquarters of many important overseas customers served by CATL. I believe that Germany's industrial heritage can be perfectly combined with the battery technology of the CATL, so as to better contribute to the electrification of European cars.
It is understood that the products manufactured in the European battery production base of the CATL will be provided to BMW, Volkswagen, Daimler, PSA and other mainstream European car companies. The establishment of the European base will greatly reduce the response time for serving customers in Europe in the CATL. The local production of products will significantly improve the supply efficiency. At the same time, by absorbing international concepts and integrating global resources, we will improve the integrated overseas planning of research, production and sales , It is of great benefit to enhance the global product competitiveness in the CATL.
It is also in 2018, just completed the C round of financing, and raised more than 1 billion US dollars of soft pack power battery "unicorn" Fu Neng Technology has also made a big splash into Europe. In July of that year, Funen Technology officially launched the European Production Center project and opened an office in Stuttgart, Germany, equipped with business development, engineering and corporate personnel. Later, Farasis Energy Europe was also established, which plans to provide support to major European automobile plants in 2021.
As of May 2019, some media reports said that Funen Technology plans to invest more than 600 million euros in the new battery plant in Germany. It is expected that the first phase of production capacity will be 6GWh. The battery will be officially put into production in 2022. 10GWh, can provide power batteries for 60,000 to 80,000 electric vehicles. It is worth noting that in December 2018, some media reported that Funeng Technology and Daimler signed a cooperation agreement from 2021 to 2027, and will provide Daimler with a total of 140GWh batteries in 7 years. Later, this matter was officially confirmed by Funeng Technology.
Based on the global layout idea, in July 2019, Honeycomb Energy also officially announced plans to build a factory in Europe, which will spend 2 billion euros to build a 24GWh large power battery plant, a supporting cathode material plant and a battery technology center in Europe. Honeycomb Energy has also become another Chinese power battery company that announced the establishment of a factory in Europe after the CATL and Funeng Technology.
It is reported that the honeycomb energy European battery factory uses advanced high-speed lamination technology for battery production, with the ability to quickly replace the model, equipped with AI intelligent detection and quality prediction, analysis and other intelligent systems. The park has a total land area of 400 mu (27 hectares). The factory building adopts a multi-layer structure. The project is implemented in two phases. The first phase of the project will be launched in 2020 and completed and put into production in 2022.
At the 2019 Frankfurt Motor Show, Honeycomb Energy also announced its intention to set up a research and development center in Europe and plan to build a 40,000-ton cathode material factory. Open cooperation.