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France to invest €700M in battery cell production

Created: 2019-03-01 15:16 | Last change: 2019-03-04 14:02

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French President Emmanuel Macron has announced that his government will invest 700 million euros in the production of battery cells for electric cars over the next five years. The plan is part of a Franco-German project to establish cell production in Europe

As reported, the governments of Germany and France agreed in December on the elaboration of a strategic approach for the future production of battery cells in Europe. The German government already pledged one billion euros in subsidies for this until 2022, the amount of France’s participation was still unclear at that time.


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