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German battery chiefs warn EU over Giga cash dash for lithium

Mon, 02/19/2018 - 11:21 -- John Shepherd
German battery chiefs warn EU over Giga cash dash for lithium

Battery industry leaders in Germany say there is currently “no business case” for “politically-inspired” plans by the European Union to build at least 10 Gigafactories across the bloc for lithium-based batteries.

EU energy chief Maroš Šefčovič said last week the Gigafactories would be needed to produce “green European batteries” for new electric vehicles produced in Europe— and to combat Asia’s increasing dominance in the EV batteries sector.

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