China-europe energy storage battery subsidy

Are China's battery manufacturers planning to expand into the US and Europe?

Despite bans and restrictions on its technology, China’s battery manufacturers including CATL, the world leader with 37 per cent global market share, are planning to expand into the US and Europe. Source: CRU Group • * Installations for EVs only. Batteries produced for energy storage, exports and stockpiling are not included.

Does Europe support battery energy storage?

Policy support for battery energy storage is gaining momentum across Europe as national governments remove regulatory barriers and the EU pledges financial support for this emerging technology.

Are China's batteries overcapacity fears overblown?

Some argue overcapacity fears are overblown as batteries are poised to play a key role in China backing-up electricity from intermittent renewable energy during a historic transition from coal. Goldman Sachs has forecast that China’s battery energy storage requirements will increase 70-fold by 2030.

Is Europe's grid energy storage sector vulnerable to Chinese exports?

Patrik Andreasson, vice-president of strategy and sustainability at Northvolt, the Swedish battery manufacturer, warned that Europe’s grid energy storage sector is particularly vulnerable to Chinese exports.

Are China's battery makers being incentivised to set up locally?

While China is likely to face obstacles in flooding the global market with battery exports, its battery makers are being incentivised to set up locally because of protective policies and incentives in Washington and Brussels.

Why is China building a battery plant?

China is building battery plants far beyond levels needed to meet domestic demand for electric cars and grid energy storage, underlining vast state subsidies and unchecked bank lending that are expected to underpin the international expansion of Chinese manufacturers.