Europe's EV battery strategy threatened by supply chain gaps, Eramet says
By Gus Trompiz and Gilles Guillaume
PARIS (Reuters) - Europe is still not investing enough in the supply chain for electric vehicle batteries and this could leave its planned gigafactories short of coveted minerals, French mining group Eramet said.
Eramet is struggling to attract investment from its home region to process its overseas nickel, lithium and cobalt reserves into battery materials and may have to turn to non-European players, Pierre-Alain Gautier, its head of corporate affairs and partnerships, said.
Electric vehicles are a key plank of European Union plans to cut emissions. The bloc is trying to reduce reliance on battery supplies from Asia through projects with Europe-based car makers and battery specialists.
However, European auto companies are reluctant to invest in battery material production, focusing instead on procurement contracts, ...
Read More on Datafloq
PARIS (Reuters) - Europe is still not investing enough in the supply chain for electric vehicle batteries and this could leave its planned gigafactories short of coveted minerals, French mining group Eramet said.
Eramet is struggling to attract investment from its home region to process its overseas nickel, lithium and cobalt reserves into battery materials and may have to turn to non-European players, Pierre-Alain Gautier, its head of corporate affairs and partnerships, said.
Electric vehicles are a key plank of European Union plans to cut emissions. The bloc is trying to reduce reliance on battery supplies from Asia through projects with Europe-based car makers and battery specialists.
However, European auto companies are reluctant to invest in battery material production, focusing instead on procurement contracts, ...
Read More on Datafloq
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