CATL, BYD, and Tesla expose Europe's EV battery 'reshoring': only China and Korea can build them

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European governments are hoping to "reshore" the EV and battery industries, to reduce dependency on Asian factories and bring back manufacturing jobs. But the EV industry was never in Europe, nor in North America, at either the scale or the levels of efficiency and engineering expertise that we observe in Chinese or South Korean plants. CATL is the world's biggest battery maker, and employs over 21,000 engineers and scientists across its R&D departments alone. Industry experts admit that to compete with Chinese or Korean battery makers, over a thousand key engineering processes must be replicated. Resources and links: Bloomberg, Europe’s Big Battery Ambitions Are Failing, and China Is Benefiting https://www.bnnbloomberg.ca/investing/commodities/2024/12/10/europes-big-battery-ambitions-are-failing-and-china-is-benefiting Reuters, Sweden's Northvolt files for bankruptcy, in blow to Europe's EV ambitions https://www.reuters.com/technology/northvolt-files-chapter-11-bankruptcy-us-2024-11-21/ New York Times, British Battery Start-Up Files for Bankruptcy https://www.nytimes.com/2023/01/17/business/uk-britishvolt-battery-maker-bankruptcy.html Wired, The Collapse of the UK’s Electric Vehicle Champion https://www.wired.com/story/the-collapse-of-britishvolt/ Inside EVs, ‘He Doesn’t Know How To Make A Battery’: China’s CATL Chief Blasts Elon Musk https://insideevs.com/news/740941/he-doesnt-know-how-to-make-battery-musk-blasted-catl-chief/ Reuters Exclusive: China battery giant CATL would build US plant if Trump allows it https://www.reuters.com/business/autos-transportation/china-battery-giant-catl-would-build-us-plant-if-trump-allows-it-2024-11-13/ Reshoring, Nearshoring, and Friendshoring https://www.aatcc.org/aatccnews_2024_01a/ Visual Capitalist, Visualizing China’s Dominance in Battery Manufacturing (2022-2027P) https://www.visualcapitalist.com/chinas-dominance-in-battery-manufacturing/ The Top 10 EV battery companies https://www.greencarcongress.com/2022/10/20221009-evbatteryshare.html Closing scene, Li River, Guangxi province