Tesla, BMW, Stellantis, others approved for share of $3.5B EU battery aid

B

By:

Bloomberg

January 26, 2021 03:13 PM

BRUSSELS -- The European Union approved a program that includes giving state aid to Tesla, BMW and others to get about 2.9 billion euros ($3.5 billion) of state aid for battery projects that will strengthen the bloc's position in the race to produce more electric vehicles.

Featured Stories

Mercedes confirms it will assemble GLC at U.S. plant

GLC output in Vance, Ala., will primarily be for the North American market.

Urvaksh Karkaria

Mercedes confirms it will assemble GLC at U.S. plant

ACCII: Are state-level ZEV mandates too much, too soon?

ACCII: Are state-level ZEV mandates too much, too soon?

U.S., China agree to slash tariffs for 90 days in step back from decoupling brink

U.S., China agree to slash tariffs for 90 days in step back from decoupling brink

Report: Nissan dials up global job cuts to 20,000 people

Report: Nissan dials up global job cuts to 20,000 people

Latest News

Mercedes confirms it will assemble GLC at U.S. plant

Dealer Stream, Blockboard team up to combat streaming advertising fraud

Superior Industries sees net loss shrink to $12.9 million amid tariff uncertainty

Tesla questioned by NHTSA about robotaxi deployment plan

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

See More in Automakers

Yugo shows model of small car planned for 2027 production start

VW dealers, after stop-sale orders, left waiting to sell ID Buzz. Again

What the auto industry wants from the new German government

2025 Chevrolet Blazer SS EV: High-performance vrooms into the future

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