How European battery startups can thrive alongside Asian giants
The global battery market is expected to reach $400 billion by 2030, but European startups often struggle to compete with established Asian giants like CATL. While Europe may never be entirely independent in green energy, there is strong demand for on-shoring supply, including green power and critical manufacturing. European battery startups can leverage genuine competitive advantages, such as proximity to major markets, access to skilled labor, and support from policymakers. However, they must also overcome challenges like fragmented supply chains and access to capital. Successful European battery startups will need to focus on innovation, scale, and strategic partnerships to thrive alongside their Asian counterparts.
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