Author : admin | Friday, 3 May 2019
Author : admin | Friday, 3 May 2019
France and
Germany have introduced specifics of a plan to start a top electric battery
industry in Europe, from the extraction of raw materials to recycling.
French
Economy minister Bruno Le Maire said about 5 billion euros ($5.6 billion)
should be invested in the Franco-German project, including 1.2 billion euros of
public subsidies.
A pilot
plant will likely to be based in France and two production plants, each of
1,500 laborers, will be built in both countries.
Le Maire
said during a visit by his German counterpart Peter Altmaier to Paris:
"This is an example of what Europe can do when united."
European
Commission Vice President Maros Sefcovic appreciated the move as EU production
represents no more than 3 percent of the world market and would like to compete
with the U.S. and China.
This article is originally posted on manufacturing.net
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