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Blackstone Resources plans Germany battery plant

Mon, 01/21/2019 - 00:00 -- John Shepherd

Swiss battery metals investor Blackstone Resources is launching a research centre in Germany— ahead of plans to set up “a substantial battery-production project” in the country.

The company is investing €200 million to establish Blackstone Research in the city of Erfurt, with the goal of building “the next generation of electric-vehicle batteries, close to where German auto manufacturers are based”, in the east-central state of Thüringen.

Blackstone said it will initially put up the investment itself, but hopes to “garner support from subsidies” from European Union R&D funds and from regional and federal funding in Germany.

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