European EV production drive sees China’s lithium-ion battery exports to EU surge

China’s lithium-ion battery exports to the EU surged in the first three quarters of this year, as Chinese carmakers rush to build factories in Europe amid a tightening of import restrictions on electric vehicles (EVs). Power inverter exports to the bloc’s members also grew strongly despite EU efforts to exclude Chinese products from publicly funded energy projects. Shipments of Chinese lithium-ion batteries to the EU were worth US$31.2 billion in the first nine months of the year, up 46 per cent