For the first time, Europe has provided a subsidy to a battery manufacturer to prevent it from fleeing to the United States.

The European Commission has granted a subsidy to a battery manufacturer for the first time as part of its anti-drainage defense for US businesses. The recipient was the Swedish company Northvolt, a developer of original lithium batteries with competitive characteristics. Back in March 2022, Northvolt promised to build a battery megafactory in Germany, but later abandoned the promise and set its sights on a plant in the United States. Render of a future plant in Germany. Image source: Northvolt
Source: 3dnews.ru

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