The EU currently relies heavily on China to produce fuel cells and lithium-ion batteries.
In the coming years, the European Union could become dependent on China in the field of lithium-ion batteries and fuel cells, as happened to Russia in the energy sector before the invasion of Ukraine, if it does not take decisive steps step here. direction. Reuters writes about this on Sunday, September 17, in relation to an internal document of the European Commission at the disposal of the publication.
It was noted that the dangers of the new hope will be the subject of one of the main discussions on European economic security during the meeting of EU leaders in Spain on October 5.
“Without decisive action, the European energy ecosystem in 2030 may have a dependence on China of a different nature, but with the same severity as dependence on Russia before the invasion of Ukraine,” the document said.
As the publication writes, “concerned about China’s growing global standing and economic weight, EU leaders will discuss proposals from the European Commission to reduce the risk of Europe’s overdependence on China and the need to diversify into Africa and Latin America.”
The document states that due to the intermittent nature of renewable energy sources such as solar or wind, Europe needs to look at ways to store energy to achieve its goal of net-zero carbon emissions by 2050.
The EU currently relies heavily on China to produce fuel cells and lithium-ion batteries.
European Commissioner for the Internal Market Thierry Breton admitted that the European Commission’s investigation into unfair competition from Chinese electric car manufacturers could lead to a significant increase in customs duties.
China will launch a new public investment fund that plans to raise about $40 billion to develop the semiconductor sector.
Source: korrespondent
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