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INSIGHT: European battery brands launch recovery

European battery brands are preparing to merit the big “green” stimulus plans revealed since the coronavirus pandemic, although many recognize that it will be difficult to compete with the Asian giants that dominate the customer market. While Northvolt in Sweden, and more recently Verkor in France, play a role in large-scale production, other European corporations are focusing on specialized markets and new technologies rather than attacking Chinese and South Korean corporations that mass-produce batteries for electric cars (EVs). . From Greek battery manufacturer Sunlight to start-ups like InoBat Auto in Slovakia and Swiss Innolith, corporations say the challenge of creating economies of scale to compete head-on means locating niches is more likely to be a path to good fortune right now.

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