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.
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.
Lithium-ion batteries have become the technology of choice for EVs, and falling costs and rising energy levels could keep them on top for nearly two decades.
With vehicles like the Toyota Mirai and the Honda Clarity Fuel Cell, you might think that hydrogen-fueled vehicles are a brand-new phenomenon.
You might be surprised to learn that there is presently a Ford Transit 350HD that is chock full of lithium-ion batteries that you can get right now that doesn’t come out of Dearborn but Loveland, Colorado.