Chinese carmakers are rushing to establish a foothold in Europe to avoid import tariffs and reduce logistical costs. The focus is on localizing their EV supply chain, particularly battery production, to save on transport expenses. With the recent imposition of increased tariffs on Chinese exports by the EU and US, the need for localization has become more urgent.
To counter these challenges, Tianqi Lithium, a leading player in the industry, is exploring opportunities in lithium-ion recycling and investing in lithium mining projects across Europe. The company’s strategic development plan includes patenting battery recycling technology and potential partnerships with European countries for battery materials sourcing.
Additionally, Tianqi is considering Hong Kong as a potential location for R&D, especially in next-generation technologies like solid-state batteries. With evolving EU regulations on carbon footprints and recycling, Tianqi is positioning itself to adapt and thrive in the changing landscape of the EV industry.