China Securities Predicts European EV Sales to Reach 2.8-3 Million in 2023.

According to a report released by China Securities, on February 14, the European Parliament passed a bill to ban the sales of selling fuel vehicles since 2035, while setting a goal to reduce carbon oxide emissions from new vehicles by 55% in 2030 compared to 2021.

Since 2020, the European EV market has been growing rapidly under the carbon emissions restriction and various subsidies. It is estimated that EV sales in Europe will reach 2.8-3 million units in 2023. Therefore, battery cell makers and cathode material plants that have built Battery and material manufacturers who have established capacity in Europe will reap profits, which include CATL, Gotion High-tech, Farasis Energy, EVE Energy, Kodaly, Tianshi Materials, Dansheng Technology, etc.