European lithium battery factory shut down
The production line, which will be constructed in 2019 and will produce 600,000 into 1m lithium batteries a year, was originally expected to go into production in the next quarter of 2020.
To speed up the production of lithium-ion batteries from the European market, mettel, through its wholly-owned subsidiary Rombat, obtained a 35% stake in Romanian company Prime motors in February 2018 and recognized it as an incubator for lithium battery development in a deal worth 1 million euros.
Currently, Chinese, Korean, and Japanese battery companies like Samsung SDI, LG chem, SKI, GS Yuasa, and also only times are all constructing battery factories on a large scale in Europe, and several substances companies are following their lead.
With the spread of COVID – 19 in Europe and the United States, an increasing number of lithium battery companies declared to combine the manufacturing line.
Currently, battery companies from Japan and South Korea are still operating battery factories in Europe. However, hundreds of producers, such as Audi and Volkswagen, have declared to suspend production or adapt production strategies. It’s uncertain whether the battery businesses announce production cuts.
But as a result of the outbreak, Metair declared that it was suspending operations during its lithium battery plant in Romania, so its own strategies to expand the generation of lithium batteries have disrupted.
Nevertheless, because of the epidemic, China’s lithium-ion battery export business to Europe and also the United States is at a state of stagnation; lots of lithium battery companies said the following two months, approximately export company to Europe and also the United States is impossible.
Since the epidemic escalated in Europe and the United States, a large number of major search engine manufacturers from Europe have announced production cuts that have had a substantial impact on the overall automotive supply chain.
Nevertheless, due to the effect of the epidemic, the progress of the lithium mentioned battery enterprises previously in the European industrial layout may encounter barriers, and there could be undertaking delays or production cuts, which will harm the electrification of this fundamental engine plants in Europe and also the construction of electric batteries in Europe.
In 2017,” Prime Motors invested 13.6 million euros (approximately 106 million yuan) in constructing its initial lithium-ion level and battery assembly line and developed a battery material that can take care of the problem of high power consumption of lithium-ion batteries in most electric cars in shallow ambient temperatures.