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The European Union announced the beneficiaries of a new 2.9 billion euros ($3.5 billion) fund to support battery production projects for electric vehicles and Tesla, BMW, FCA are amongst the top beneficiaries.
The program is called ‘European Battery Innovation’ and it is led by the EU Commission as a ‘Project of Common European Interest’ (“IPCEI”) with the goal to “support research and innovation in the battery value chain.”
Under the program, they plan to provide €2.9 billion ($3.5 billion) in funding in the coming years to several projects, which will then be supported by another €9 billion in private investments.
More at: Tesla, BMW, FCA amongst top beneficiaries of $3.5 billion aid for electric car battery production - Electrek
The program is called ‘European Battery Innovation’ and it is led by the EU Commission as a ‘Project of Common European Interest’ (“IPCEI”) with the goal to “support research and innovation in the battery value chain.”
Under the program, they plan to provide €2.9 billion ($3.5 billion) in funding in the coming years to several projects, which will then be supported by another €9 billion in private investments.
More at: Tesla, BMW, FCA amongst top beneficiaries of $3.5 billion aid for electric car battery production - Electrek