Overview

• Europe produced only 13% of the world’s EV batteries in 2024, compared with about 70% from China.
• Roughly 97% of Europe’s installed capacity consists of branch plants owned by Chinese and South Korean manufacturers, with just one EU maker producing limited volumes.
• Deloitte projects European battery-market revenue to grow from about €16 billion in 2024 to €54 billion by 2030.
• The analysis says Asian producers’ “regional monopolization” risks limiting access to leading battery technology and threatens supply security.
• The study highlights failed or delayed European gigafactory plans, including Northvolt’s halted Schleswig-Holstein project, and was released days before the Munich IAA.