Pilot plant for EU battery cell production is being built in France

Pilot plant for EU battery cell production is being built in France-plant

The multi-billion dollar European battery cell production project is progressing: Construction of a pilot plant is to begin in south-west France before the end of this year, as the French Economics and Finance Minister Bruno Le Maire announced a few days ago after a meeting of the Franco-German Economic and Financial Council announced in Paris.

In the presence of the German Minister for Economic Affairs, Peter Altmaier, he praised the project as a successful example of Franco-German cooperation. In 2017, the EU started to launch a European battery alliance. Their goal is to set up battery factories in Europe in time for the expected boom in electric cars. So far, European manufacturers have been dependent on market-dominating suppliers from Asia such as Samsung, LG Chem, Panasonic and CATL.

After the pilot plant, a production plant with around 2,000 employees is to be set up in France in 2022, said Le Maire. The French-led consortium includes the PSA group (Peugeot, Citroen, DS, together with the German brand subsidiary Opel) and the Total subsidiary Saft. Another factory is planned in Germany. This is to be built from 2024. According to Altmaier, the second consortium of companies led by Germany should be put together by the end of the year. “We are very confident that this example shows that market-oriented industrial policy works together with companies today,” said the German Economics Minister.

The idea of strengthening German and European competitiveness by promoting key technologies and entire value chains is also the basis of the draft of a National Industrial Strategy 2030, which Altmaier recently presented. As early as December 2018, Altmaier and Le Maire published joint industrial policy considerations in a joint press statement and agreed on a paper on promoting battery cell production in Europe. Altmaier has provided up to 1 billion euros from BMWi funds for interested consortia, while Emmanuel Macron has pledged 700 million euros in France.

Related articles

Please follow and like us:

Leave a Comment