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.

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