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China's Battery Giants CATL and BYD Expand in Europe, Bringing Advanced Technology and Jobs

Chinese battery giants are investing in Europe, bringing advanced technology and jobs. But can Europe learn from them to reduce dependence on foreign tech?

,   and  Administrator
1 min read
In the picture we can see a car engine with pipes, battery in it.
In the picture we can see a car engine with pipes, battery in it.

China's Battery Giants CATL and BYD Expand in Europe, Bringing Advanced Technology and Jobs

China's battery giants CATL and BYD are expanding in Europe, setting up plants in Hungary, Turkey, and Spain. These moves aim to support the continent's growing electric vehicle (EV) industry, which is eager to reduce dependence on Chinese technology.

CATL, the world's largest battery maker, is establishing a joint venture with automaker Stellantis in Zaragoza, Spain. The plant, set to commence production in late 2026, will be commissioned by 2,000 skilled CATL workers sent from China. However, some Spanish stakeholders express concerns about CATL's willingness to transfer its advanced technology locally.

Meanwhile, BYD is constructing car plants in Hungary and Turkey, with plans to establish local battery production to support them. CATL also plans to recruit and train 3,000 local workers in Hungary to run its plant once completed. These investments reflect Europe's potential in the battery industry, backed by initiatives from the European Union and public-private partnerships.

European automakers are urged to learn from their Asian counterparts to advance their EV industry. The global EV sector remains heavily reliant on superior Chinese technology, making these investments crucial for Europe's future in the sector.

CATL and BYD's expansion in Europe signals a significant shift in the global battery industry. As these Chinese companies establish plants in Hungary, Turkey, and Spain, they bring advanced technology and job opportunities. However, European automakers must ensure they learn from these collaborations to reduce dependence on foreign technology and secure a strong foothold in the EV market.

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