Angela Merkel: German carmakers should build-up battery production for EVs in Europe
Electric vehicles are picking up fast and the German automobile companies are lagging behind. During a Tuesday event hosted by the National Academy of Science and Engineering in Berlin, German Chancellor Angela Merkel voiced her support for a potential move by German automakers to produce batteries for electric cars in Europe.
Merkel’s remarks at the event came against the backdrop of the fact that the production of the constituent cells of battery packs is presently not so significant in Europe. The battery pack production market is currently dominated by just a few companies in Asia, specifically in China and South Korea.
Asserting that automakers in Germany should mull the option of producing electric car batteries for the European region, Merkel said that the auto industry in Germany should be involved in battery production, which would constitute a significant component of the value-added chain for electric vehicles (EVs). Merkel also added that if Europe does not build-up its battery production, it would have a small share in the auto industry’s value-added chain in future.
Chancellor Merkel said at the event, “I’m detecting a certain rethink among carmakers”; and added alongside that she is backing the outgoing Academy President Henning Kagermann who feels that it is pertinent for Europe to have a home-grown battery industry.
Although Merkel said that it might still be possible for Europe to “achieve something” in terms of battery production for EVs, she also acknowledged the fact that businesses are apparently apprehensive of venturing into this field.
Zurich-headquartered multinational technology firm ABB has launched its own full 350 kW electric vehicle (EV) charging system -- ‘Terra HP’ -- this week.
In a recent announcement, U.S. retailer Target has revealed that it is teaming up with Electrify America, Tesla and ChargePoint, for deploying “more than 600 chargers” at “over 100 stores” across the country.
China is major market for electric automobiles and majority of automobile companies have planned vehicles launches for Chinese market.
US electric vehicle manufacturer Tesla Motors has rolled out a few minor updates to introduce new finish options for the interiors of Model S and Model X vehicles.
At the 2018 Auto China event being held in Beijing this week, German automaker Mercedes-Benz has unveiled a plush new Mercedes-Maybach all-electric SUV concept --- ‘The Vision Mercedes-Maybach Ultimate Luxury.’
In a recent clarification of its plans related to electrified vehicles, Volvo Cars has announced that it is aiming for 50% of its sales to be ‘fully electric’ by the year 2025.