EU Announces €1 Billion Grants to Boost EV Battery Production and Reduce Reliance on China 1

EU Announces €1 Billion Grants to Boost EV Battery Production and Reduce Reliance on China

The European Union (EU) has allocated €1 billion in grants to boost electric vehicle (EV) battery cell manufacturing, aiming to strengthen its domestic production capabilities and reduce reliance on Chinese components like cathodes and anodes

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China Tells its EV Makers to Halt Investments in EU Countries That Approved Tariffs

European tariffs on Chinese-made electric vehicles took effect on Wednesday after negotiations between both sides failed to reach an agreement. The new policy imposes import taxes of up to 45.3% on certain Chinese EVs, a move expected to have significant industry-wide impacts.

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