Support aims to stop production being lured overseas with promise of bigger foreign subsidies
The EU has announced €4bn (£3.4bn) of state aid investments in new factories producing electric batteries for cars, heat pumps and solar panels as it seeks to accelerate production and the uptake of green technologies and combat cheap Chinese imports.
The Swedish battery producer Northvolt will receive €902m in state aid to build a new factory in Heide in Germany, while a wide range of clean tech factories in France are to get a €2.5bn bump in state aid.
About Author
More Stories
Microsoft employee interrupts CEO’s keynote with pro-Palestinian protest
Sing when you’re winning: how karaoke in cars heralds the triumph of Chinese firms
TikTok breached EU advertising transparency laws, commission says