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.
