EU invests €852 million in six innovative electric vehicle battery projects

Today, the European Commission announced that six pioneering electric vehicle (EV) battery cell manufacturing projects will receive a total of €852 million in grants from the Innovation Fund, using revenues from the EU Emissions Trading System (EU ETS). These grants follow a first Battery Call under the Fund, launched in December 2024, aimed at accelerating the growth of and investment in the EU's battery manufacturing industry. (Source: European Commission)

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