1、April 2024Automotive&Assembly PracticeThe battery cell component opportunity in Europe and North AmericaMomentum for the battery cell component market is building rapidly in Europe and North America.To capitalize on this opportunity,suppliers will need to tackle several challenges head-on.This artic

2、le is a collaborative effort by Jakob Fleischmann,Eugen Hildebrandt,Konstantin Huneke,Raphael Rettig,and Patrick Scott,representing views from McKinseys Automotive&Assembly Practice and McKinseys Battery Accelerator Team.The speed of battery electric vehicle(BEV)uptakewhile still not categorically b

3、reakneckis enough to render it one of the fastest-growing segments in the automotive industry.1 Our projections show more than 200 new battery cell factories will be built by 2030 to keep up with rising demand.Overall,the market for cell componentscomprising cathodes and anodes,separators,electrolyt

4、es,and cell packagingis expected to grow by 19 percent per annum until 2030,reaching more than$250 billion.This rapid growth opens a window of opportunity for cell component suppliers,start-ups,and new entrants,particularly in Europe and North America.Across both regions,industry and governments ali

5、ke are strongly inclined to nearshoreor bring supply closer to homein an effort to derisk supply chains and secure control over intellectual property.Despite this opportunity,however,current localized production would need to increase significantly to ensure supply meets demand by 2030.Suppliers in

6、the battery component sector thus face challenges regarding commercial market entry,the necessity for substantial funding,and a rapidly evolving technological landscape.Moreover,local suppliers face a highly competitive market dominated by incumbent suppliers,mostly in Asia.And environmental and reg