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EU approves $3.5 billion in aid for battery production, r&d

December 9, 2019

Opel and French battery manufacturer Saft can move forward with a plan to build electric vehicle battery cells in Germany after the European Union approved the use of state aid for the project.

The companies plan to produce battery cells at Opel’s components plant in Kaiserslautern in southwest Germany. The European Commission said Monday that state aid could be given for the project. It said battery production in Europe is of strategic interest.

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