Verkor CEO calls for ramping up of European battery output to meet EV demand, compete with Asia
By Jason Dunn2022-04-12T11:01:00
While the expansion of battery operations often focuses on the advent of new technology, flexibility on the shop floor or democratisation, investors are also concerned with a raw improvement in output.
Benoit Lamaignan, CEO at battery cell startup Verkor, told AMS in an exclusive interview that ramping up output is essential to many of the problems currently facing the automotive battery manufacturing sector.
“We believe that we don’t need new technology to enable the electric mobility revolution. What we need is a huge quantity of battery to be produced,” he said.
The French battery maker, which started in 2020, recognised e-mobility, localisation of the value chain, and meeting the pressure to decarbonise, especially within Europe, as challenges to be tackled. According to Lamaignan, the cost of producing large amounts of batteries is becoming increasingly competitive, and the rise in oil prices makes this even more complex.