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The German government's move to formulate industrial policies is also a breakthrough, and previously the government generally did not interfere in commercial decision-making. In addition, European governments also plan to form battery alliances to address the challenges posed by companies such as Japan and South Korea, and the German government's move is also part of this plan. Ensuring the integration of local enterprises into the entire electric vehicle supply chain is crucial for Germany, as it relies heavily on the success of its automotive industry economically.

However, some analysts point out that compared to Asian companies, at least in terms of current technological level, European and Asian companies are far behind.

Volkswagen's supervisory accountant plans to discuss the strategy of electric vehicles and batteries at a meeting on November 16th. And it had previously stated that it had already conducted battery production and research at the Saltsky Special Factory. On November 8th, relevant insiders stated that the Volkswagen Supervisory Board will discuss a far-reaching cooperation with South Korean battery manufacturer SKInnovation.

Volkswagen Germany

South Korean LG Chemical has long been supplying electric vehicle batteries produced in Poland to some car manufacturers, while Samsung SDI and SKInnovation also plan to establish factories in Hungary. As the world's largest manufacturer of electric vehicle batteries, Ningde Times has stated that it will invest in building its first factory in Europe in East Germany, and has also received government support for reaching a partnership with BMW.

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