Di Yi Cai Jing·2025-11-04 08:49Core Insights - European economies like the UK and Germany are either restarting or planning to restart subsidies for electric vehicles (EVs) in early 2024, indicating a renewed focus on the EV market [6][7] - Local battery manufacturers in Europe, such as Northvolt and ACC, have faced significant challenges, including quality issues and investment halts, while Chinese and American companies are increasingly entering the European market [3][4][11] - The competitive landscape in the European battery market is shifting, with expectations that Chinese companies could capture up to 80% of the market share, while local firms struggle to keep pace [20][21] Industry Developments - Northvolt, once a leading battery manufacturer in Europe, is facing bankruptcy due to severe product delivery and quality issues, leading to a potential acquisition by the American startup Lyten [3][10] - ACC, a joint venture involving Stellantis, Mercedes-Benz, and TotalEnergies, has suspended its investment plans in Germany and Italy, highlighting the difficulties faced by European battery firms [3][4] - The European battery market is witnessing a resurgence, with a 34% year-on-year increase in EV sales in September 2025, driven by renewed subsidies and local production requirements [6][7] Investment Trends - Significant investments are flowing into the European battery sector from both Chinese and American companies, indicating a strategic shift in the competitive landscape [8][19] - Companies like CATL and Envision are expanding their production capabilities in Europe, with CATL's factory in Hungary set to have a capacity of 100GWh and an investment of €7.34 billion [16][22] - Gotion High-Tech has launched a €1.2 billion battery super factory in Slovakia, with an initial capacity of 20GWh, targeting orders from Skoda, a Volkswagen subsidiary [15][22] Competitive Landscape - The competition among battery manufacturers is intensifying, with a focus on who can effectively build and operate battery factories [19] - Chinese battery manufacturers are adapting their strategies in Europe, often opting for joint ventures to align with local regulations and market conditions [21][22] - The market share of South Korean companies like LG Energy Solution and SK On has decreased, while Chinese firms are gaining ground, with CATL and others becoming dominant players [19][20]