Germany and France launch USD 2 billion kick-start for battery cells

Battery production supplying the global electric vehicle market is currently dominated by players in Asia, but Germany and France now aim to change that by bolstering Europe's electric automotive sector with localized battery production.

BY BLOOMBERG NEWS, BRIAN PARKIN AND WILLIAM HOROBIN

France and Germany are pooling efforts to kick-start battery cell production in Europe aiming to take on rivals from Asia which dominate the global market, top officials from both nations said.

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