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germany\'s varta applies for battery cell production subsidies

2020-06-19

GSL Energy

BERLIN (Reuters)-
German battery maker Varta said Friday it had applied for government subsidies to the public. Lithium production
As the deadline for the Ministry of Economy to send applications to the company to obtain state subsidies, ion batteries have ended.
Varta said it plans to increase battery production to more than 60 million batteries per year, adding that it is working with European partners to boost battery production in Europe.
Germany has allocated 1 billion euros ($1. 13 billion)
Support a consortium seeking to produce electric vehicle batteries and plan to fund a research facility to develop the next-
Generation solidStatus battery.

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