"Investors Cold on Europe’s EV Batteries Initiative – ReportEurope’s push for a regional electric vehicle battery industry is struggling to find investors willing to challenge the Asian market with local producers apparently having to opt for smaller production plants than the previously planned “gigafactories”, Reuters reports.The only exception turned out to be Sweden's Northvolt, which formed a joint venture with German carmaker Volkswagen in 2019 and struck a long-term supply deal with BMW in 2020."
So the only meaningful production is in Sweden where AEE plays - and guess who is CEO of AEE..lol
More to my point of people dreaming of dislodging China from the supply chains. Can happen but it's not going to be easy and will require massive Govs support. ASM on their own stand no chance. This is why perhaps SK Gov shying away of late.
Best for ASM to perhaps start talking to China and be nice.
ASM Price at posting:
$1.77 Sentiment: None Disclosure: Not Held
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