U.S., Japan, China sponsor battery research. Korea is doing well with SK and LG Chem. Now Europe announces $3.2 billion euros for battery research.
EU approves 3.2 billion euro state aid for battery research
EU approves 3.2 billion euro state aid for battery research
... The 3.2 billion euro in public funding, is expected to unlock an additional 5 billion euro in private investments. ...
The Commission said the project involved “ambitious and risky” research and development across the batteries value chain, from mining and processing the raw materials, production of advanced chemical materials, the design of battery cells and modules and their integration into smart systems, to the recycling and repurposing of used batteries.