Companies from a dozen EU member states will commit the public funds in a bid to come up with novel battery chemistries and production methods as well as recycling and circular economy innovation.
The EU Battery Alliance is calling on industry to take advantage of the expected 2025 €250 billion battery market by establishing between 10 and 20 European giga battery factories. Saft, meanwhile, has announced an alliance with Siemens, Manz and Solvay to work on advanced lithium ion and solid-state battery technology.
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