Battery cells and add-on electronic devices and software make up as much as half the value of EVs. Germany and France “want to build the best and most sustainable batteries” in Europe, Economy and Energy Minister Peter Altmaier said in a statement from Berlin on Friday. “I’m convinced that battery cells made in Kaiserslautern will set new standards in their CO2 footprint.”AdvertisementTogether, the factories will cost about 5 billion euros. European battery cells “won’t be comparable with cheap Chinese products,” Altmaier said last year. The market for battery cells may be worth as much as 250 billion euros by mid-decade, the EU Commission said.

Source: Los Angeles Times February 07, 2020 21:11 UTC