BayWa r.e. Solar Trade and WHES Announce Exclusive
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Even for cells and modules, rising manufacturing capacity obscures heavy European reliance on imports, while many batteries produced in Europe are shipped abroad. In 2023, Europe imported batteries worth $35 billion, and exported a quarter of that amount (Figure 6).
The overwhelming majority of operational European battery-cell manufacturing capacity comes from companies with headquarters abroad. The largest operational facilities belong to LG (South Korea), Samsung (South Korea), CATL (China) and SK (South Korea).
The EU import values of solar panels and liquid biofuels in 2024 were much higher than the corresponding EU export values which were €0.7 billion for solar panels and €1.8 billion for liquid biofuels. By contrast, the EU export value of wind turbines (€2.8 billion) was much higher than the corresponding value for imports.
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