Ann: German Equity Strategy Update - Altech Advanced Materials, page-18

HI @All
from today here in Germany,
Electric car market: Even Varta boss warns of dependence on batteries Gastautor: Rohstoffbrief.com | 16.10.2019, 16:38 | 359 | 0 | 0 2 East Asia dominates the world market for lithium-ion batteries for electric cars. Varta boss Herbert Schein now warns of the dangers to the European auto industry and sees great advances in technology. However, something is happening in Germany now. Minimize dependence on AsiaElectric car market:
Large manufacturers from East Asia such as Panasonic and CATL dominate the market for lithium-ion batteries for the auto industry. Varta boss Herbert Schein warned in an interview with the Augsburger Allgemeine Zeitung about a dependency on Asian suppliers. This must be minimized because the battery is now once the "central component" in electric vehicles. Therefore, Schein welcomes the initiative of the Federal Government and other European states to build up its own battery industry. Meanwhile, the first factories, such as those of Northvolt in Sweden, are under construction, and even the Chinese CATL wants to build a manufacturing facility in Europe. Volkswagen in turn is even planning its own production in Lower Saxony. Nevertheless, there are enough car manufacturers who believe that battery cells are a standard component that can be sourced freely from various suppliers. Herbert Schein contradicts this view and says that the battery industry is in the middle of a major technological change, because the energy density is steadily increasing. And thus increase the performance of the batteries. Varta itself does not currently produce batteries for electric cars, but the company does not exclude entry into this Business.
Jobs and taxpayers Politicians are now urging that as many components as possible, such as vehicles with burners, be made in Germany or Europe. Because that brings finally jobs and tax revenues. The best example of this is the invitation of the Saxon state government to Altech Chemicals to build its second HPA factory in the "Schwarze Pumpe" industrial park. HPA is high purity alumina. This is used as a separator between the anode and the cathode of batteries. It is irreplaceable because it prevents short circuits and fires, increasing the safety and longevity of the batteries. In addition, HPA is used because of its special properties in the manufacture of sapphire glass, in LED lamps or in computer chips. Currently Altech builds its first factory in Malaysia, which ia. financed by KfW Ipex with a $ 190 million loan. The start of production is scheduled for the first half of 2021 with a capacity of 4,500 tons.
sorry for the translate....
www.wallstreet-online.de/nachricht/11820259-elektroauto-markt-varta-boss
Cool the Altech appears in the article