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charts: The state of play in Europe’s battery market","in-charts-the-state-of-play-in-europes-battery-market","article/in-charts-the-state-of-play-in-europes-battery-market",{"_uid":557,"date":558,"tags":559,"editor":566,"content":576,"excerpt":693,"featured":51,"reporter":694,"_editable":698,"component":699,"seo_title":553,"categories":700,"visibility":704,"author_company":49,"data_vis_image":705,"featured_image":708,"seo_description":693,"author_full_name":49,"author_job_title":49,"formattedDate":712,"formattedArticleDate":713},"95c86931-1337-45b7-96ee-2bc291fa8be5","2024-03-12 00:00",[560,563],{"slug":561,"name":562},"data-visualisation","Data Visualisation",{"slug":564,"name":565},"europe","Europe",[567],{"slug":568,"name":569,"content":570},"didi-bostock","Didi Bostock",{"job_title":571,"image":572,"bio":574,"linkedin":575},"Editor - Energy Transition & Economics",{"filename":573},"https://a.storyblok.com/f/287943243085208/512x512/2c5ca5c1a3/didi-bostock.jpeg","Didi is the Energy Transition & Economics Editor at Benchmark, covering a broad range of markets across the energy transition. His remit spans from downstream sectors such as BESS and EVs, through to midstream such as new technologies and battery production, to upstream critical minerals mining. He also leads on financial analysis across these supply chains, alongside in-depth policy analysis.\n","https://www.linkedin.com/in/didi-bostock-656342198/",{"type":577,"content":578},"doc",[579,586,593,602,617,622,630,641,646,654,659,664,672],{"type":580,"attrs":581,"content":582},"paragraph",{"textAlign":49},[583],{"text":584,"type":585},"Europe faces unique challenges across its electric vehicle battery supply chain. The region also holds significant advantages. The following charts set out some of the key trends and data for understanding the European battery cell market.","text",{"type":587,"attrs":588,"content":590},"heading",{"level":589,"textAlign":49},4,[591],{"text":592,"type":585},"European demand significantly exceeds supply",{"type":580,"attrs":594,"content":595},{"textAlign":49},[596],{"type":597,"attrs":598},"image",{"id":49,"alt":599,"src":600,"title":49,"source":49,"copyright":49,"meta_data":601},"Line chart showing growing European battery cell deficit between 2024 and 2035","https://a.storyblok.com/f/287943243085208/34c1d9b506/bm-eu-cell-deficit-to-2035-line-chart.png",{},{"type":580,"attrs":603,"content":604},{"textAlign":49},[605,607,615],{"text":606,"type":585},"European battery cell production for 2035 is forecast to be more than 8x higher than 2024, but demand still significantly exceeds supply, leading to a battery cell deficit of more than 850 gigawatt hours (GWh) by the mid 2030s, based on forecast figures from ",{"text":608,"type":585,"marks":609},"Benchmark’s Lithium ion Battery Database",[610],{"type":611,"attrs":612},"link",{"href":613,"uuid":49,"anchor":49,"target":49,"linktype":614},"https://www.benchmarkminerals.com/forecasts/lithium-ion-batteries/reports/","url",{"text":616,"type":585},". Europe will rely on production from other regions, especially China, to address this deficit.",{"type":587,"attrs":618,"content":619},{"level":589,"textAlign":49},[620],{"text":621,"type":585},"The majority of Europe’s battery cells are made in four countries",{"type":580,"attrs":623,"content":624},{"textAlign":49},[625],{"type":597,"attrs":626},{"id":49,"alt":627,"src":628,"title":49,"source":49,"copyright":49,"meta_data":629},"Stacked area chart showing growing European battery cell production broken down by country","https://a.storyblok.com/f/287943243085208/81d9d3675b/bm-european-countrys-forecast-battery-cell-supply-1.png",{},{"type":580,"attrs":631,"content":632},{"textAlign":49},[633,635,639],{"text":634,"type":585},"Poland, Hungary, Sweden, and Germany are forecast to produce 93% of Europe’s battery cells in 2024, according to ",{"text":608,"type":585,"marks":636},[637],{"type":611,"attrs":638},{"href":613,"uuid":49,"anchor":49,"target":49,"linktype":614},{"text":640,"type":585},". This figure falls to 60% by 2035 as countries like France, whose market share will be 10% by that time, ramp up production. Germany is set for the largest absolute increase with production forecast to be more than 340 GWh higher in 2035.",{"type":587,"attrs":642,"content":643},{"level":589,"textAlign":49},[644],{"text":645,"type":585},"Chinese-owned companies will account for 33% of Europe’s battery production in 2030",{"type":580,"attrs":647,"content":648},{"textAlign":49},[649],{"type":597,"attrs":650},{"id":49,"alt":651,"src":652,"title":49,"source":49,"copyright":49,"meta_data":653},"","https://a.storyblok.com/f/287943243085208/0de067ca8c/bm-chinese-owned-european-battery-production-chart.jpg",{},{"type":580,"attrs":655,"content":656},{"textAlign":49},[657],{"text":658,"type":585},"Chinese-owned companies – seeking to benefit from the region’s ambitious electrification targets and a more favourable business environment than the US – will make up 33% of European battery production in 2030, according to Aran Waid, a battery analyst at Benchmark. Benchmark is tracking more than 40 production facilities being developed in Europe, 12 of which are Chinese-owned.",{"type":587,"attrs":660,"content":661},{"level":589,"textAlign":49},[662],{"text":663,"type":585},"European battery cells offer lower carbon intensity than those made in China",{"type":580,"attrs":665,"content":666},{"textAlign":49},[667],{"type":597,"attrs":668},{"id":49,"alt":669,"src":670,"title":49,"source":49,"copyright":49,"meta_data":671},"Stacked bar chart showing the similar Cathode and Anode carbon intensity between EU and Chinese manufactured cells and the higher cell manufacturing carbon intensity of cells made in China.","https://a.storyblok.com/f/287943243085208/77d36ed72c/bm-china-vs-eu-battery-cell-carbon-intensity-3.png",{},{"type":580,"attrs":673,"content":674},{"textAlign":49},[675,677,683,685,691],{"text":676,"type":585},"Europe’s lower carbon energy mix means cells produced in the region generally have a lower carbon intensity than those made in China, according to data from ",{"text":678,"type":585,"marks":679},"Benchmark’s Battery Emissions Analyser",[680],{"type":611,"attrs":681},{"href":682,"uuid":49,"anchor":49,"target":49,"linktype":614},"https://www.benchmarkminerals.com/esg/battery-emissions-analyser/",{"text":684,"type":585},". This is significant in light of the recent ",{"text":686,"type":585,"marks":687},"EU Battery Regulation",[688],{"type":611,"attrs":689},{"href":690,"uuid":49,"anchor":49,"target":49,"linktype":614},"https://source.benchmarkminerals.com/article/how-the-lithium-ion-supply-chain-should-prepare-for-the-eu-battery-regulation",{"text":692,"type":585}," which sets out rules on transparency and sustainability for battery cells. From 2025, EV battery producers will have to disclose the carbon footprint of their cells with later regulation setting performance classes and thresholds which encourage manufacturers to reduce the carbon intensity of their batteries.","Europe faces unique challenges across its electric vehicle battery supply chain. The region also holds significant advantages. The following charts set out some of the key trends and data for understanding the European battery cell market. European demand significantly exceeds supply European battery cell production for 2035 is forecast to be more than 8x higher […]",[695],{"slug":568,"name":569,"content":696},{"job_title":571,"image":697,"bio":574,"linkedin":575},{"filename":573},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"95c86931-1337-45b7-96ee-2bc291fa8be5\", \"id\": \"\"}-->","article",[701],{"slug":702,"name":703},"batteries","Batteries","private",{"id":49,"alt":627,"name":651,"focus":651,"title":627,"source":651,"filename":628,"copyright":651,"fieldtype":706,"meta_data":707,"is_external_url":51},"asset",{"alt":627,"title":627,"source":651,"copyright":651},{"id":49,"alt":709,"name":651,"focus":651,"title":709,"source":651,"filename":710,"copyright":651,"fieldtype":706,"meta_data":711,"is_external_url":51},"Battery and wire installed on electric system of eco car engine","https://a.storyblok.com/f/287943243085208/7fb112f16d/bm-ev-battery.jpg",{"alt":709,"title":709,"source":651,"copyright":651},"Mar 12, 2024","12th March 2024",[],[],1792773904068]