Europe Aims For EV Battery Dominance ...Middle East

Three years ago, Europe—one of the world's largest EV markets—was entirely dependent on battery imports for its electric vehicle industry. Now, Europe is in a rush to reduce this dependence with the help of local production capacity. Earlier this year, the EU said there were plans for several gigafactories that would produce some 7 to 8 million EV batteries annually. This would be more than the union's planned production. According to the European Commission's vice president Maros Sefcovic, EU carmakers would be entirely covered by…

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