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2023-12-19
The race towards electrification has been a marathon for European OEMs since the 2010s, transforming into a sprint following the EU's decision to ban combustion engine vehicles from 2035. With the pressing need to combat climate change and reduce greenhouse gas emissions globally, European countries have taken a proactive stance by embracing electric vehicles as a crucial aspect of their sustainable transportation strategy.FuQiang (FQ), as one of China's largest new energy vehicle battery packaging solution factories, will also enter the European market and establish another new factory in Europe after Uzbekistan.
If all the gigafactories can make it to the production stage, they could collectively be delivering as much as 460 GWh worth of battery cells by 2025, and 1,144 GWh by 2030; enough to power over 90% of expected new vehicle sales in that year. According to Transport & Environment's analysis, this would give Europe a 20% market share of global cell production by 2025, making it second only to China.
The electrification of cars in Europe not only benefits the environment but also stimulates economic growth. It has led to the emergence of a robust EV industry, creating jobs and fostering innovation in electrode manufacturing, cell assembly, cell finishing, and module and pack production.European countries have been actively establishing battery manufacturing facilities across the region. These facilities play a vital role in securing a stable supply chain for EV batteries, reducing reliance on imports. We have seen opportunities in Europe and are making plans to invest and build factories in the European market. FuQiang is also willing to contribute to the revolution of new energy vehicles in Europe , will become a new company overseas after our new factory in Uzbekistan.
The new energy vehicle revolution in Europe will affect the future direction of the entire industry, not only to reduce carbon dioxide emissions, but also to promote the rapid economic development of Europe and the rapid growth of the new energy industry. FuQiang (FQ) will keep up with this development opportunity, develop together with Europe's new energy revolution, and contribute to the world's carbon dioxide emission reduction.
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