Tesla, BMW, FCA amongst top beneficiaries of $3.5 billion aid for electric car battery production
January 27, 2021
The European Union announced the beneficiaries of a new 2.9 billion euros ($3.5 billion) fund to support battery production projects for electric vehicles and Tesla, BMW, FCA are amongst the top beneficiaries.
European Battery Innovation
The program is called ‘European Battery Innovation’ and it is led by the EU Commission as a ‘Project of Common European Interest’ (“IPCEI”) with…