German economy minister Peter Altmaier said Tuesday Berlin would provide one billion euros ($1.3 billion) of funding for electric car battery production by 2021, as talks with companies reach an advanced stage. "In the coming months we want to create the conditions for batteries to be produced on a mass scale in Europe," Altmaier said after meeting European Union energy commissioner Maros Sefcovic in Berlin. The close ally of Chancellor Angela Merkel added that "several consortiums are in the process of forming" with talks involving firms from France, Poland, the Netherlands and Austria.
Comments