Europe joins race for cheaper batteries with new gigafactory - electrical energy storage systems

The latest news confirming this came from Germany.
Earlier this week, Daimler broke ground for $0. 559 billion (€500-million)
Kamenz's battery factory in Germany claims it will be one of the largest and most modern battery factories in Europe.
The auto-manufacturing giant has made clear its intention to achieve super-high-speed growth in the electric vehicle sector.
At the annual general meeting this year, Daimler announced plans to accelerate the expansion of electric vehicles, with 10
Electric model by 2022.
The acceleration of the plan may have to do with automakers not being able to meet the 2016 reduction target, although its fleet is equipped with more energy.
Efficient engine.
What's more, it clearly recognizes what glaesenberg calls a revolution.
Now, the electric car business needs to invest $11 billion.
Another $1 billion will be used for batteries-
New gigafactory and existing battery-
Divide and accumulate.
But our goal is not just to have enough batteries for all new electric vehicles, but to make them affordable.
Bloomberg's Caroline Hyde reported earlier this week that Daimler's gigabit plant was the first step in Europe to explore the slow direction.
Only 2 of the mainland.
Battery 5%-
In order for Europeans not only to be able to take advantage of e-commerce, this has to change the market
But new energy storage systems.
As elsewhere, the energy storage system is large in Europe, gigabit batteries reduce battery costs, and ultimately reduce the price of the entire system, enabling utilities to store energy from renewable energy production, make them more commercially viable.
Read more about oil prices.
Com: What is behind the surge in Russian oil exports to India? The impact of these cost reductions is also essential for cars: if the battery cost of electric vehicles drops by 40%, according to Bloomberg New Energy Finance, which targets can be achieved by the Gigabit plant by 2021
Because the cost of the battery is a large part of the price, the car will become more affordable.
In fact, electric cars may be more affordable than cars powered by internal combustion engines.
The article was originally published on oil prices. com