'EU approves more state aid to boost car batteries industry' | Playlist (Europe Lives)
"EU approves more state aid to boost car batteries industry"
"TheEuropean Union has approved 2.9 billion euros in subsidies from 12 member countries to develop a project aiming at developing the electric battery industry
Called the “European Battery Innovation," the project will allow non-European businesses such as Tesla to benefit from EU investment. Tesla, which is headquartered in California, is building its first European factory in the Berlin area.
Tesla expects to make 150,000 electric cars a year at the new plant starting in mid-2021, with plans to increase that number to half a million annually."
