China Is Building Europe Battery Supply in Morocco, VW Unit Says
- Less-expensive LFP batteries gaining use in electric cars
- Jorf Lasfar site aims to produce cell materials next year
China has a tight grip on global battery making, as well as the raw materials like lithium, nickel and cobalt needed to make them.
Photographer: Carla Gottgens/BloombergThis article is for subscribers only.
China is building a battery supply chain for Europe in Morocco, as the continent struggles to develop its own industry to feed electric-car manufacturing, PowerCo’s operations head said.
“We don’t have any supply chain. This has to be set up,” Sebastian Wolf, chief operating officer for Volkswagen AG’s battery unit, said Tuesday at an event in Stuttgart. “Right now, we have to be honest that the set-up of LFP supply chain is happening in Morocco and not in Europe.”