Goldman Sachs Group predicts that by 2030, the United States and Europe may be able to get rid of their dependence on Chinese electric vehicle batteries through investment expenditures of 160 billion yuan (USD, Same as Same as Sim, about S $ 220.9 billion).
According to the British Financial Times, Goldman Sachs analyzed in a report that Washington and Brussels have shifted towards the clear direction of trade protectionism, coupled with non -Chinese companies' unprecedented investment frenzy, let the United States make the United StatesAnd Europe can get rid of dependence on Beijing in the next seven years.
This report is estimated that in order to build a self -sufficient supply chain, European and American countries competing with China will cost 78.2 billion yuan to buy batteries, 60.4 billion yuan to buy parts, 13.5 billion yuan of mining lithium, and mining lithium mining, and mining lithium mining, and mining lithium for mining of 13.5 billion yuan.Nickel and cobalt, as well as 12.1 billion yuan to refine these materials.
Goldman Sachs also believes that thanks to the large investment of the Korean Enterprise Group LG Group and SK Group in the United States, in the next three to five years, American companies will no longer need to purchase electric vehicle batteries from ChinaCan meet domestic needs.Analysts predict that the market share of Korean battery manufacturers in the United States will soar from 11%in 2021 to about 55%in three years.
Goldman Sachs believes that in addition to the trade protectionist policy of Europe and the United States, the rise of recycling batteries will also reduce demand for lithium and nickel.Enterprises outside China are developing sodium ion batteries (substitutes for lithium -based batteries) and LFP (a cathode that does not use nickel and cobalt).
Nevertheless, the basic economic situation of Western electric vehicle batteries is still a fundamental obstacle to Western countries deconographing with China in terms of electric vehicles.According to Goldman Sachs report, the recent labor shortage of the United States has increased wages in the United States to produce batteries in the United States; the risks of production of batteries to the environment are also an unrefined challenge to produce batteries outside China.
