Companies Teaming Up to Make EV Batteries in Germany, Econ Min Says -Stuttgarter Zeitung
June 24 2019 - 8:32AM
Dow Jones News
--Three industrial associations are being formed to manufacture
batteries for electric cars in Germany starting as early as 2022,
German Economics Minister Peter Altmaier told the Stuttgarter
Zeitung in an interview.
--Car makers Opel and Peugeot have created one consortium with
French energy major Total's Saft subsidiary and two more on the
verge of forming, Mr. Altmaier said, noting that the European
Commission must approve EUR1 billion in subsidies for the consortia
to launch, the paper reports.
Full story in German: bit.ly/2X370mi
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(END) Dow Jones Newswires
June 24, 2019 08:17 ET (12:17 GMT)
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