Headlines
German battery production, trade decline; lobby urges action
Published by Global Banking & Finance Review®
Posted on June 24, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 24, 2025
1 min readLast updated: January 23, 2026
Germany's battery production dropped 16% in 2024 due to competition and demand issues. ZVEI urges political action to support the industry.
FRANKFURT (Reuters) -Battery output and trade in Germany dropped sharply in 2024 amid a slowdown in the roll-out of electric cars and competition from Asian producers, electronics industry association ZVEI said on Tuesday, asking policymakers to help stem the decline.
Market volumes, describing production plus imports minus exports, in the industry fell 16% in 2024 to a total value of 20.5 billion euros ($23.8 billion), mostly due to weaker demand for lithium-ion batteries, which are used in e-mobility.
"Decisive political action is needed to prevent Germany from losing further ground as a battery manufacturing location," said Christian Rosenkranz, chairman of ZVEI's battery section and managing director of member firm Clarios Germany.
He demanded more competitive energy costs, faster approval procedures, cuts to red tape, and reliable and targeted funding, especially in research.
The areas are being addressed by the new coalition government, that is trying to boost economic growth and overcome setbacks of recent years with the help of a billion euro tax cut and spending packages.
($1 = 0.8617 euros)
(Reporting by Vera Eckert, editing by David Evans)
The decline in battery production and trade in Germany was primarily due to a slowdown in the roll-out of electric cars and increased competition from Asian producers.
In 2024, the market volume for the battery industry in Germany fell 16% to a total value of 20.5 billion euros ($23.8 billion).
Christian Rosenkranz, chairman of ZVEI's battery section, urged for more competitive energy costs, faster approval procedures, cuts to red tape, and reliable funding for research.
The new coalition government is addressing the issues by implementing a billion euro tax cut and spending package aimed at boosting economic growth.
The decline signifies a potential loss of competitive edge for Germany as a battery manufacturing location, which could have broader implications for its economy.
Explore more articles in the Headlines category
