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Minister: Germany has set aside 1 billion euros to support battery cell production

Europe Materials 13 November 2018 13:58
Germany’s economy minister said on Tuesday his ministry had set aside around 1 billion euros (1.12 billion dollars) to support battery cell production in Europe’s largest economy, aiming to have 30 percent of such production coming from Germany and Europe by 2030
Minister: Germany has set aside 1 billion euros to support battery cell production

Germany’s economy minister said on Tuesday his ministry had set aside around 1 billion euros (1.12 billion dollars) to support battery cell production in Europe’s largest economy, aiming to have 30 percent of such production coming from Germany and Europe by 2030, Reuters reports.

Economy Minister Peter Altmaier said Germany wanted to work with other European countries, adding that he was already in contact with France, Poland and Austria on the issue.

($1 = 0.8901 euros)

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