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German Government Plans To Invest Battery Development

Author: Source: Datetime: 2018-11-12 12:26:03
The tripartite news learned that Germany will announce an investment of 1 billion euros (about 1.2 billion US dollars) to support the alliance to produce electric vehicle batteries. In addition, the German government plans to invest in a research and development organization to support the development of its new generation of solid batteries.

The German government's move is expected to be announced this week, mainly to reduce the dependence of German car companies on Asian battery suppliers, and to ensure the employment environment in Germany during the transition from the internal combustion engine era to the electrification era.
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The German government's move to formulate industrial policies is also a breakthrough, and the government generally did not interfere with business decisions. In addition, the European government plans to form a battery alliance to deal with the challenges brought by companies such as China, Japan and South Korea, and the German government's move is part of the plan. Ensuring that local companies are integrated into the electric vehicle supply chain is crucial for Germany, which is economically dependent on the success of its automotive industry.

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