Companies Teaming Up to Make EV Batteries in Germany, Econ Min Says -Stuttgarter Zeitung

Date : 06/24/2019 @ 1:32PM
Source : Dow Jones News
Stock : Peugeot S.a. (PC) (PUGOY)
Quote : 26.52  0.0 (0.00%) @ 6:18PM

Companies Teaming Up to Make EV Batteries in Germany, Econ Min Says -Stuttgarter Zeitung

Peugeot S.a. (USOTC:PUGOY)
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--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.


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(END) Dow Jones Newswires

June 24, 2019 08:17 ET (12:17 GMT)

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