EU announces €4bn state aid to back battery and green tech factories

        January 8, 2024 The Guardian | Europe | renewables: storage

The EU will invest €4 billion in EV batteries, heat pumps, and solar panels to counter Chinese imports. Sweden's Northvolt gets €1 billion for a German gigafactory in Heide to electrify transportation and cut into China's lead, while green energy manufacturers in France get €3.5 billion. China’s BYD, Eve Energy, and Sunwoda have all started up in Europe.