Germany Plays Catch Up, Pours $1.2 Billion Into EV Batteries

By Wade Malone Currently Japanese, Korean and Chinese firms dominate battery production
According to Reuters, Germany has earmarked $1 billion euros ($1.2 billion USD) to jump start local production of electric car battery cells. The effort is intended to reduce the reliance of German automakers on Asian battery suppliers.
This investment would help grow a …read more