Since the car was invented in Europe 136 years ago, the industry has grown to become one of the foundations of the continent’s economic growth and prosperity.
But, as China establishes greater control of the supply chain for electric vehicles, Europe’s automotive sector faces one of the biggest challenges in its history as it tries to catch up.
And it will not just mean creating factories to build the batteries, says Emma Nehrenheim, sustainability chief at Northvolt, Europe’s most advanced battery making start-up. It will involve the whole ecosystem of mining, refining and chemical engineering needed to supply them. “The one who owns processing capacity will be the one that controls and trades where material comes from,” she says.
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