According to a report by the British Automobile Magazine on May 10, European automotive industry executives recently pointed out that Europe must invest in the development of a new generation of "dry cell" technology to create an electric vehicle battery supply industry and catch up with China in this field. ROBERTO VAVASSORI, head of the European Association of Automobile Parts Suppliers (CLEPA), gave a speech at the London Motor Summit, stating that in view of the rising market demand in the battery industry, the investment in new generation batteries is necessary. However, with the emergence of electric vehicles, the demand for the battery market will also increase substantially. If electric vehicle sales account for 1% of global vehicle sales, it is urgent to build battery manufacturers such as Tesla's joint venture with Panasonic's GIGAFACTORY. VAVASSORI also believes that China is a leader in battery technology than in Europe. Therefore, he called on Europe to actively respond to and develop battery manufacturing.
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