Electric vehicles (EVs) have become an unstoppable trend in the automotive industry. In October 2022, the Council of the European Union and the European Parliament reached an agreement to move towards zero emissions from motor vehicles. Their mandate stipulates that by 2035, no internal combustion engines will be permitted for sale in the EU. Mirro. As Europe has become the fastest growing region for EV lithium-ion battery capacity outside of China, a cluster of Gigafactories are being set up near European car manufacturers. Major installations include LG Chem's Wroclaw plant in Wroclaw, Poland; Northvolt Gigafactory in Skellefteå, Sweden; and Samsung SDI in the Czech Republic. In addition, se. The global EV battery market is currently dominated by players from three Asian countries: China, Japan, and Korea. (See Figure 3). Data from SNE Research reveals that, in 2022, the five leading manufacturers – CATL, LG, Panasonic, BYD and SK On – collectively held over 75 percent of global automotive battery production. To sustain their market pos. A highlight of the European EV battery sector is the green development led by Nordic countries, particularly Sweden. Situated just below the Arctic Circle, a vast factory owned by Northvolt AB is producing EV batteries for Europe's leading automakers. Meanwhile, on Sweden's west coast, Heart Aerospace AB is developing an electric aeroplane by Unite. Recognizing the strategic value of the European market, Chinese EV battery makers are securing their market position by establishing gigafactories, investing along the industrial supply chain, and contracting with major automakers. Currently, three leading Chinese EV battery firms have already planted their footprints in Europe: Contemporary Ampere.