BUSINESS European alliance to invest up to 6bn euros in electric car batteries: ministers

BUSINESS

European alliance to invest up to 6bn euros in electric car batteries: ministers

AFP

18:54, May 02, 2019

European governments and companies will form an alliance for developing next-generation batteries for electric vehicles, investing five to six billion euros ($5.6 to 6.7 billion) in the project, the French and German finance ministers said Thursday.

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File photo: VCG

France's Bruno Le Maire said a maximum of 1.2 billion euros in public subsidies would be granted to the alliance, at a press conference with his German counterpart Peter Altmaier.


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