‘China selling below cost’: Serbian LFP gigafactory firm ElevenEs on state of the market and ramp-up
- Admin
- May 29, 2024
- 1 min read
The article discusses the dynamics of the global lithium-ion battery market, focusing on falling prices from China, Europe's position in the market, and ElevenEs' gigafactory ramp-up in Serbia. It highlights Europe's investments in building its battery ecosystem, challenges faced by Europe in being cost-competitive, differences in market segments like EV, industrial, and ESS, financing challenges in the gigafactory space, and ElevenEs' plans for large-scale battery production.
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