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The EU has approved a €3.2bn fund to promote the research and development of batteries as it targets strategic areas to help European companies develop new technology to keep up with global competition (and expects a further €5bn in private investment to follow)
The project that includes 7 EU countries (Belgium, Finland, France, Germany, Italy, Poland and Sweden) involves “ambitious and risky” research and development across the batteries value chain, from mining and processing the raw materials, production of advanced chemical materials, the design of battery cells and modules and their integration into smart systems, to the recycling and re purposing of used batteries.
Ursula Von der Leyen (the European Commission's new president) has made combating climate change one of her priorities and the development of batteries for electric vehicles fits in her plan to reduce carbon emissions in the EU by at least 50% by 2030, compared with 1990 levels.
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"The emergence of the European battery industry will contribute to the European Union’s objective of becoming the first carbon-neutral continent by 2050,” France’s economy ministry said in a statement. “Thanks to this project, we are combining industrial development and green growth. The European automotive industry will no longer be forced to import batteries produced on the other side of the world and will be able to offer Europeans truly green electric vehicles.”