US EditionEU Awards €852 Million to Six EV Battery Projects Under Innovation Fund
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Large domestic investors want to make money on battery investments. Now they are joined by David Rusňák's DRFG group, which wants to invest almost 600 million crowns in battery storage.
The European Commission has just announced the €852 million allocation to support six European projects dedicated to the manufacture of cells for electric batteries, funded by the Innovation Fund and supported by the European Emissions Trading Scheme (ETS) as part of the EU's strategy to accelerate the transition to sustainable mobility and strengthen its industrial autonomy, particularly vis-à-vis Asian countries, and especially China, the main…
The deadline for submitting projects to the battery line A of the Perte VEC IV was opened last Monday and will extend until 17 July, in a first call that has an endowment of 280 million euros. This call is specifically designed to boost the creation of new industrial establishments, expand productive capacities in existing plants and convert production lines that manufacture innovative products that were not previously produced.
The European Commission has just allocated a total of €852 million to six battery cell manufacturing projects in the European Union.This is an important part of the European Union's commitment to... Read more Electric Car Batteries: Europe grants aid to two French projects first appeared on Automobile Propre.
The European Union to invest over 850 million euros in innovative EV battery projects
The European Commission announced that six pioneering electric vehicle (EV) battery cell manufacturing projects will receive a total of €852 million in grants from the Innovation Fund, using revenues from the EU Emissions Trading System (EU ETS). “With these projects, and in line with the Industrial Action Plan for the European automobile sector and the Clean Industrial Deal, the EU is making concrete progress toward its decarbonisation goals, w…
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