EU risks depending on China for batteries after quitting Russian energy

By Belén Carreño

MADRID, Sept 17 (Reuters) – The European Union could become as dependent on China for lithium-ion batteries and fuel cells by 2030 as it was on Russia for energy before the war in Ukraine unless it takes strong measures, a paper prepared for EU leaders said.

The document, obtained by Reuters, will be the basis of discussions on Europe’s economic security during a meeting of EU leaders in Granada in Spain on Oct. 5.

Worried by China’s growing global assertiveness and economic weight, the leaders will discuss the European Commission’s proposals to reduce the risk of Europe being too dependent on China and the need diversify towards Africa and Latin America.

Read Full Article Here…(reuters.com)

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