France, Germany agree on first battery cell consortium, report says

France and Germany have earmarked 1.7 billion euros to support several company alliances looking to produce electric car battery cells to help reduce the dependence of European automakers on Asian suppliers such as China's CATL, which plans to start operations at a cell factory like this one (shown) in Germany in 2022.

By:

Michael Nienaber

By:

Reuters

April 29, 2019 04:21 PM

BERLIN -- France and Germany have asked the European Commission to approve state subsidies for a cross-border battery cell consortium involving PSA Group, its German subsidiary, Opel, and Total's Saft, a German newspaper reported on Monday.

Featured Stories

What automakers are saying about vehicle prices with tariffs in effect

Young technician grateful for his mentor

Volvo CEO Hakan Samuelsson promises new model, increased autonomy for U.S. business

Will Carvana be ready for the next market shift with tariffs? Confidence is there

Latest News

Jaguar Land Rover is pausing exports to key U.S. market over Trump’s tariffs

Tesla’s software engineering head is said to depart EV maker

Volvo CEO Hakan Samuelsson promises new model, increased autonomy for U.S. business

Live updates on tariffs: Ford, Stellantis offer employee discounts; China retaliates; Mexico seeks solution

Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

Don Romano’s ‘wild ride’ at Hyundai Canada

U.S. senators seek to rein in Trump tariff authority

Europe reacts as Trump’s 25% auto tariffs take effect

What vehicle parts are now subjected to tariffs? Powertrain, suspension, safety and more

Staying current is easy with newsletters delivered straight to your inbox.