China makes most electric car batteries and is also investing in factories in Europe

Key information on the construction of factories for producing electric vehicle batteries (Swedish company Northvolt is investing several billion euros in building a gigafactory for electric vehicle batteries in the German city of Heide):

– Electric mobility is one of the automotive industry’s main trends today. While just a few years ago electric vehicles were a relatively uncommon alternative to conventionally powered cars, many automakers now see them as one possible path for the future of road transport.

– Last year, global sales of electric cars hit a record, rising 55 percent year on year to more than ten million vehicles, according to estimates by the International Energy Agency (IEA). This meant that 26 million electric cars were on the world’s roads last year. The IEA estimates that sales of these cars will rise by 35 percent this year to 14 million. That would give electric cars an 18 percent share of the overall car market. China currently accounts for 60 percent of the electric car market, and more than half of all electric cars sold are on its roads.