BNEF Talk: Can the World Compete with China's Cheap Batteries?

BNEF Summit San Francisco, 4 - 5 February, 2025

China's dominance in the battery industry has driven battery prices to record lows, transforming the global market and establishing the country as a powerhouse. Meanwhile, North American and European local champions face significant hurdles in scaling production. Higher costs, supply chain bottlenecks and policy uncertainty put into question the ability of these regions to be leaders in the battery industry. As the world races to localize production of the battery value chain, one question remains: Can anyone truly catch-up to China?

Evelina Stoikou, Head of Battery Technologies & Supply Chains, BloombergNEF