Published

Germany to Back Three EV Battery Cell-Making Partnerships

Germany’s government intends to invest a combined €1 billion ($1.1 billion) to support three partnerships created to launch battery cell production in Europe.
#hybrid

Share

Germany’s government intends to invest a combined €1 billion ($1.1 billion) to support three partnerships created to launch battery cell production in Europe.

Economy Minister Peter Altmaier tells Reuters that Germany is in the process of clearing its funding plan with European Commission regulators later this year. France has made a similar declaration of support for multi-national consortiums.

Reuters note that more than 30 companies—including BMW, PSA Group, Northvolt, Saft, Varta and Volkswagen Group—have applied for state funding.

RELATED CONTENT

  • Mustang Changes for 2018

    On Tuesday Ford unveiled—using the social media channels of actor Dwayne Johnson (this has got to unnerve some of the auto buff book editors)—the 2018 Mustang, which has undergone some modifications: under the hood (the 3.7-liter V6 is giving way to a 2.3-liter EcoBoost four, and a 10-speed automatic is available), on the dash (a 12-inch, all-digital LCD screen is available for the dashboard), at the tires (12 wheel choices), on the chassis (MagneRide damper technology is being offered with the Mustang Performance Package), and on the exterior (three new paint colors). And while on the subject of the exterior, there are some notable changes—a lower, remodeled hood, repositioned hood vents, new upper and lower front grilles, LED front lights, revised LED taillamps, new rear bumper and fascia.

  • Multiple Choices for Light, High-Performance Chassis

    How carbon fiber is utilized is as different as the vehicles on which it is used. From full carbon tubs to partial panels to welded steel tube sandwich structures, the only limitation is imagination.

  • Engineering the 2019 Jeep Cherokee

    The Jeep Cherokee, which was launched in its current manifestation as a model year 2014 vehicle, and which has just undergone a major refresh for MY 2019, is nothing if not a solid success.

Gardner Business Media - Strategic Business Solutions