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Europe Loses Grip on EV Battery Market

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Europe Loses Grip on EV Battery Market
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The Gist

“Europe's reliance on Asian battery cell manufacturers has increased, with 77% of EV batteries produced in Asia in 2025. The continent is forfeiting substantial profits as a significant portion of European-produced battery cells originate from Asian companies.”

Europe's dependence on Asian battery cell manufacturers has deepened, with a significant portion of EV batteries being produced outside the continent. This trend is expected to continue, with many European-produced battery cells also coming from Asian companies.

Key Insights

In 2025, a staggering 77% of EV batteries were produced in Asia, up from 70% in 2024, highlighting the continent's growing reliance on foreign manufacturers. As a result, Europe is missing out on substantial profits that could be generated by producing these battery cells locally.

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