Peter Altmaier | www.bestmag.co.uk

Germany could back three battery cells consortia, says minister

Germany could help finance three separate corporate alliances for the domestic production of battery cells for Europe’s growing electric vehicle market, according to the country’s economy minister.

Peter Altmaier (pictured) told Reuters: “We’ve now reached a point where we can say that there is likely to be not only one battery cell consortium, but probably three.”

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investment

battery cells

Peter Altmaier

germany

eu

German state aid for batteries not enough to replace private investment, says minister

German state investment to establish a ‘home-grown’ battery cell industry cannot replace the need for “entrepreneurial commitment”, the country’s economy minister has said.

Federal economic affairs and energy minister Peter Altmaier (pictured) said: “We can only subsidise a part of the costs— the lion's share must be raised by the industry itself.”

Berlin urges EU to relax state-aid rules for battery investment

Angela Merkel: Photo: Bundesregierung/Kugler

Germany has started hush-hush talks with EU leaders aimed at relaxing state-aid rules so the government can pump cash into launching of a national battery cell production programme, BEST Battery Briefing has learned.

BBB understands Germany wants to set a faster pace of progress for Europe’s ‘Batteries Alliance’— with Berlin in the driving seat.