The EV Battery Boom in CEE - EMIS Insights Thematic Report

Check out our Thematic Report: 𝗧𝗵𝗲 𝗘𝗩 𝗕𝗮𝘁𝘁𝗲𝗿𝘆 𝗕𝗼𝗼𝗺 𝗶𝗻 𝗖𝗘𝗘 and find out how the region is shaping the future of a sustainable automotive sector.

As Europe is decarbonizing its economy, countries across the continent are stepping up efforts to rebuild their fossil-based systems and attract clean energy investments to grab a bigger share of electric vehicle (EV) market, set to nearly triple in value by the end of this decade.
𝗖𝗘𝗘 𝗰𝗼𝘂𝗻𝘁𝗿𝗶𝗲𝘀 𝗮𝗿𝗲 𝗰𝗵𝗮𝗿𝗴𝗶𝗻𝗴 𝗮𝗵𝗲𝗮𝗱 𝗶𝗻 𝘁𝗵𝗲 𝗿𝗮𝗰𝗲 with 𝗣𝗼𝗹𝗮𝗻𝗱 and 𝗛𝘂𝗻𝗴𝗮𝗿𝘆 𝗱𝗿𝗶𝘃𝗶𝗻𝗴 𝘁𝗵𝗲 𝗘𝗩 𝗯𝗮𝘁𝘁𝗲𝗿𝘆 𝗯𝗼𝗼𝗺 in the region. A well-developed auto and component manufacturing base, the region’s access to European markets and government subsidies have made CEE an appealing destination for EV battery investors.

▹ Some key benefits of this sustainable revolution:
𝗣𝗼𝗹𝗮𝗻𝗱: Europe's largest car battery factory (LG Energy Solution).
Exports of lithium-ion batteries have increased 40-fold since 2017.
𝗛𝘂𝗻𝗴𝗮𝗿𝘆: CATL's €7.3bn investment in Europe's largest battery factory, located in Debrecen. Debrecen has attracted more than €10bn of investment related to electric vehicles.

▹ Other important developments in the CEE region:
𝗦𝗹𝗼𝘃𝗮𝗸𝗶𝗮: Promising projects by startup InoBat and partnerships with Chinese manufacturers.
𝗦𝗲𝗿𝗯𝗶𝗮: First battery factory opened in 2023, with plans for expansion.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝘀𝗮𝗺𝗽𝗹𝗲 𝗿𝗲𝗽𝗼𝗿𝘁 and read more about this transformation.