Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.

Second European EV battery consortium underway -Handelsblatt

Euronews logo
Text size Aa Aa

FRANKFURT (Reuters) – Germany has agreed in principle with eight other European nations to set up a second consortium for the production and recycling of battery cells for cars, daily Handelsblatt reported, citing economy minister Peter Altmaier.

German firms BMW <BMWG.DE>, BASF <BASFn.DE>, BMZ Group, Varta <VAR1.DE> are among the companies involved in the initiative that seeks to put regional players in a position to compete with dominant Asian suppliers, the paper cited sources as saying.

France and Germany in April initiated a first European battery cell consortium, including carmaker PSA <PEUP.PA> with its German subsidiary Opel and French battery maker Saft.

(Reporting by Ludwig Burger, editing by Riham Alkousaa)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.