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Why should Germany invest in lithium-ion batteries?

Lithium is considered one of the key raw materials in the energy transition. Lithium is a soft metal and a key part of batteries for electric vehicles. Lithium-ion batteries are already widely used to store energy from renewable sources. Germany is extremely interested in these opportunities, as can be seen in its international partnerships.

Why are lithium ion batteries important?

This makes batteries essential for cars and all kinds of equipment which is not connected to the grid. Scientists predict that the market for lithium ion batteries will grow by over 10% a year until 2027. The world’s ten largest battery manufacturers are all currently based in Asia: six in China and three in South Korea.

Does Germany have a lithium mine?

At the same time Germany is actively exploring lithium mining within its own borders. The Zinnwald Lithium company plans to set up one of Europe’s largest lithium mining operations in Altenberg in the Ore Mountains by around 2030. The company’s goal is to extract enough lithium each year for around 600,000 car batteries.

Why is Germany looking for a lithium source at home?

Germany is signing international agreements to secure the prized raw material while at the same time searching for lithium sources at home. Lithium is considered one of the key raw materials in the energy transition. Lithium is a soft metal and a key part of batteries for electric vehicles.

Could a German car be powered by a battery?

But Germany is also investing large amounts in battery technology. Production is being ramped up at pace, and in a few years one in four electric cars produced in Europe could be powered by a battery from a German factory. In 2022, 46% of Germany’s gross energy generation came from solar, wind and hydro power.

When will battery cells be made in Germany?

In Germany, Salzgitter is leading the charge: the production of battery cells is scheduled to start at the Lower Saxony engine plant in 2024 – with an initial production capacity of 16 gigawatt hours. The intention is later to employ 2,000 workers to produce cells with a capacity of 40 gigawatt hours (GWh).

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More than 230 engineers at the BMZ E.Volution Center are currently developing all the components of a modern high-performance lithium-ion battery, from concept to series …

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Scientists predict that the market for lithium ion batteries will grow by over 10% a year until 2027. The world''s ten largest battery manufacturers are all currently based in Asia: …

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