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

Fri, 03/22/2019 - 15:48 -- John Shepherd

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.”

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