“Battery production in Europe is of strategic interest for our economy and society because of its potential in terms of clean mobility and energy, job creation, sustainability and competitiveness,” said Margrethe Vestager, the vice-president in charge of competition policy.
With batteries seen as crucial in powering vehicles and storing electricity as Europe's grid relies increasingly on intermittent renewable electricity, the EU executive has set up an industry alliance to establish large scale domestic production and develop supply chains.
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