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

    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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    - China currently dominates the electric vehicle, battery, and critical metals industries. - However, other countries, such as Australia, India, and the US, have started pushing back against Chinese investment in these industries. - There is suspicion and concern about Chinese EV companies in countries like France, which is calling for an investigation into unfair subsidies by the Chinese government. - This could potentially lead to new tariffs on Chinese EV imports to the EU. - China's recent actions, such as threatening to curb exports of important materials and banning coal imports from Australia, have further fueled concerns about dependence on China.
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