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Although most of the investment and professional technology in European battery processing facilities come from Asian battery manufacturers, Europe's battery manufacturing capacity will sharply increase.

According to research by Bloomberg New Energy Finance (bNEF), Europe surpassed the United States in battery manufacturing capacity in 2023. By 2023, Europe's battery manufacturing capacity is expected to increase tenfold.

According to estimates, by 2023, the annual production of lithium-ion batteries by European battery manufacturers will reach 198GWh, while the current annual production is 18GWh.

According to the company, the battery processing capacity in Europe will increase more than tenfold in the coming years, which will surpass the North American market. The North American market will have an annual production capacity of 130GWh by 2023.

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