How European battery startups can thrive alongside Asian giants
AI Summary1 min read
TL;DR
European battery startups can thrive by leveraging proximity advantages and local demand, despite Asian dominance, as the market grows to $400bn by 2030.
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InsiderStartups and technologySustainabilityGovernment and policy
The global battery market is experiencing unprecedented growth, with projections showing the sector will reach $400bn by 2030. Yet European entrepreneurs often feel locked out, watching Chinese giants like CATL dominate headlines with record-breaking IPOs while homegrown champions like Northvolt file for bankruptcy, exposing the harsh realities of competing against established Asian supply chains. Still, Europe will never be entirely independent in green energy and will want to cooperate with Asia. Yet the continent has strong demand for on-shoring supply, including green power and critical manufacturing. There are also genuine competitive advantages available to European green battery startups: proximity to…
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