European Lithium Ltd (ASX:EUR), represented by the DGWA GmbH, took part in the third high level meeting of the European Battery Alliance (EBA) in Brussels on Thursday.
In a statement, European Lithium noted that the EBA is calling on the European industry to take advantage of the global market for batteries, which is expected to reach €250bn annually by 2025; supporting members all along the supply chain.
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It added that the alliance gathers key players round the table such as Tesla, Volkswagen, Daimler, Ford, Renault, BMW, BASF as well as leading research institutes and commission services.
The group said a key point on the agenda addresses the facilitation of the expansion/creation of European source of raw materials to ensure supply within Europe.
Stefan Müller, CEO of DGWA GmbH said: “European Lithium is enjoying strong interest from all players.”
He added: “European Lithium is excited to be working with numerous potential partners from industry, leading research institutes and the European Commission to develop a competitive edge for the European electrification in a sustainable, business-minded way.”