EUROPE, specifically\nFrance and Germany, has taken a stricter initiative to build cell factories for\npowering electric vehicles.<\/p>\n\n\n\n
As long as these were just goverment level talks it was kind of “wishful thinking”.
But from 1st May 2019 it has got a real shape, and it looks that the actions will be quick. <\/p>\n\n\n\n\n\n\n\n
There is a plan to\ncreate a consortium PSA + OPEL + SAFT Batteries, with the support of the\nEuropean Commission, for the production of batteries in Germany and France. The\ngovernments have allocated a considerable amount of funds, Germany 1 billion\nEuro, France 700 million.<\/p>\n\n\n\n
On May 3, a press\nconference was held by the German and French ministers of economy and energy\nand representatives from PSA and SAFT Batteries, when a consortium was\nannounced, which quickly attracted the attention of investors and the EU Commission.\nInterested capital increased to the level of 5-6 billion Euro and the EU\nCommission promised funding at 1.2 billion. A number of other Member States are\ninterested in joining investments: Italy, Belgium, Poland, Austria and Finland.<\/p>\n\n\n\n
Seems like something\nreally started, since important corporations are involved in the plans for cell\nproduction in the EU.<\/p>\n\n\n\n
(PSA together with Opel = car manufacturer No. 2 in the world, and SAFT – number 1 in the world in non-rechargeable lithium cells and one of the leaders in rechargeable Li-Ion’s.)<\/p>\n\n\n\n