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Volkswagen wants to participate in battery cell subsidies scheme

Volkswagen wants to participate in battery cell subsidies scheme
FILE PHOTO - An electric vehicle charging station is seen at the Volkswagen display during the media day at the Canadian International AutoShow in Toronto, Ontario, Canada, February 14, 2019. REUTERS/Chris Helgren   -   Copyright  CHRIS HELGREN(Reuters)
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BERLIN (Reuters) – Volkswagen on Monday said it had expressed its intent to Germany’s Economy Ministry to participate in a state funding scheme aimed at supporting battery cell production for electric vehicles.

“Volkswagen group wants to take part in Economy Minister Altmaier’s initiative support the industrial production of mobile and static batteries,” the company said in a statement.

More than 30 companies have applied for the programme to support the production of battery cells, the Economy Ministry said on Monday.

Interested companies include VW’s rival BMW as well as battery maker Varta.

(Reporting by Riham Alkousaa; Editing by Tassilo Hummel)

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