EU risks deep dependence on China for key green tech by 2030, echoing past reliance on Russian energy

The EU risks becoming highly dependent on China for lithium-ion batteries and fuel cells by 2030, similar to its past dependency on Russian energy.
Batteries and fuel cells are critical for renewable energy storage and electric vehicles, for which demand will surge 10-30 times.
While the EU leads in electrolysis, it relies heavily on China for batteries and fuel cells.
This dependency could hamper EU industrial productivity and agriculture modernization needed to address climate change.
Similar risks exist regarding EU's future dependency on China for digital tech like sensors, data servers and networks.

reuters.com

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Posted 9/18/2023, 3:02:47 PM