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Global battery market continues to see strong growth despite uncertainties and holds opportunities for European manufacturers

Global battery market continues to see strong growth despite uncertainties and holds opportunities for European manufacturers

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Battery Monitor 2024/2025 by Roland Berger and RWTH Aachen: Demand set to triple to as much as 4.6 terawatt hours by 2030 before doubling again by 2040 Europe's market is shaped by Asian cell manufacturers' price war as well as local overcapacity due to overly optimistic demand expectations New European players must show they can produce high-quality battery cells at low cost –