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Germany mulls creation of new electric car battery consortium

Germany mulls creation of new electric car battery consortium
FILE PHOTO: German Economy Minister Peter Altmaier attends the weekly German cabinet meeting at the Chancellery in Berlin, Germany, August 28, 2019. REUTERS/Annegret Hilse -
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ANNEGRET HILSE(Reuters)
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BERLIN (Reuters) – The German economy ministry said on Friday a second European battery cell production consortium was being discussed and preliminary agreements were expected by this autumn.

A spokeswoman declined to give names of potential companies taking part but added that German companies play important roles in both production consortia.

German Economy Minister Peter Altmaier said in June he expected there would be eventually probably three battery cell groups.

German business daily Handelsblatt reported earlier on Friday that Germany had agreed in principle with eight other European nations to set up a second consortium for the production and recycling of battery cells for cars, citing Altmaier.

(Reporting by Thomas Seythal; Editing by Edward Taylor)

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