Germany and France might soon get each one factory for production of batteries for electric cars.
Battery production is one of the weakest points of the European car industry or producers. This is on the Old continent virtually non-existing, forcinging car manufacturers to buy battery assembled an imported from China, a country where industry and the sales of electric cars are booming. At the same time was the lack of such factories is one of the main arguments of advocates who are supporting the idea of reducing CO2 emissions in the European Union, because with their help manufacturers will be able to guarantee work to at least some of existing work force.
The battery production may, as it appears, soon take place in two countries with the most powerful car industry in Europe, Germany and France, with Peugeot, Citroen and Opel in the background, all of which are part of PSA. In addition, according to the Reuters Press Agency, they will be joined by a French manufacturer of Saft batteries, which is otherwise owned by the Total oil company.
As a result of the project, two factories may be built, one in each country, in which 3,000 people would be employed in total. Once both fascilities goes in operation, European automotive industry may become much more competitive comared to american and chinese, where the production of battery sets has been operating for a long time. It will, however, require considerable financial resources to build them, as the value of the project is estimated at between five and six billion euros.
French Finance minister Bruno Le Maire, his German colleague, Peter Altmaier, and the European energy commissioner Maroš Šefčovič met with a view to obtaining European funds. At this meeting, the German and French parties presented the importance of this cooperation, but it is not yet clear whether the European Union will support the proposal. Given the resources available for such plans in the EU and the recently adopted greenhouse gas reduction act, this is quite likely.