{
Zeng Yuqun

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001122334455554433221100

EU Allocates 1 Billion Euros to Strengthen Domestic Battery Component Production

The EU is set to invest €1 billion to enhance domestic battery component production, incentivizing companies to reduce reliance on Chinese materials. This initiative aims to bolster the region's clean energy supply chain while addressing vulnerabilities exposed by the recent bankruptcy of Northvolt, a Swedish battery manufacturer. Despite the ambitious plans, challenges remain, as sourcing restrictions may elevate production costs and slow the rollout of green technologies.
CleanTechnica
Euro BMW CATLOKI USD Volkswagen AG Volvo AB BYD Northvolt AB USA THA MYS CHN VNM SWE Teresa Ribera Peter Carlsson Zeng Yuqun Michael Barnard Show more
Finance & Economy, Market Report
02:07 09.12.2024
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Corporate News Startups & Entrepreneurship Economic Indicators Global Trade Developments Market Analysis and Predictions
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USA IND CHN
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Currencies:
Indian Rupee Chinese Yuan
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Peter Thiel Vivek Ramaswamy

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