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Germany’s billion-euro bid to lead EU battery cell production

Mon, 11/19/2018 - 00:00 -- John Shepherd
Peter Altmeier

Germany has pledged to pump €1 billion (US$1.1bn) into promoting battery cell production by 2021— with the aim of German and European producers “supplying 30% of global demand” by 2030.

The head of the federal economic affairs and energy ministry, Peter Altmaier, also revealed a “new battery cell consortium” could be formed in Germany around the end of this year.

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