France is to host a pilot plant for the French and German battery of consortium to the source

PARIS (Reuters) – France will be the host of a pilot plant to make electric-car batteries in a French Finance Ministry source said, as part of a pan-European project is not to compete with the Asian dominance of the battery market.

FILE PHOTO: A sign points to parking area for electric cars is shown in Ostfildern, near Stuttgart, Germany, on August 19, 2019 at the latest. REUTERS/Ralph Orlowski/File Photo

France had made about 700 million euro, and in Germany it would be € 1 billion in the direction of the project and proposed the setting up of the factories in the two countries in the future, the source said of the plan. A government minister said that the plans would be announced Thursday.

The electric car battery project that aims to repeat the success of Airbus, which began with the production of aircraft, over 50 years ago as a pan-European project, with the support of the general public. However, the attempts to act as a mirror to the Airbus, as in other sectors, proved to be more difficult.

The French Economy Minister, Bruno Le Maire, told lawmakers in parliament on Tuesday that the plan for the battery industry, it would be announced on Thursday, when he will meet his German counterpart, Peter Altmaier, in Paris, and, although he gave no details.

“First of all, there will be a pilot plant and there are plants in the two countries,” the Finance Ministry source said, adding that the pilot site should be in France.

France and Germany have asked the European Commission to approve government funding for a consortium, including those of the car manufacturer PSA, and the German subsidiary, Opel, and French battery maker Saft, as well as Siemens, Manz.

The European Union (eu) state aid in certain circumstances and subject to the rules for Important Projects of Common European Interest (IPCEI).

The EU’s Energy Commissioner, Maros Sefcovic, and Commissioner for Competition, Margrethe Vestager, have signaled support for the battery cell is initiated.

Germany is considering support for a second, in europe, in consortium with the preliminary agreements are expected to be in the next few months.

France and Germany are planning a joint investment of public resources in a data storage medium, to wean Europe away from its offshore centers and is the first step towards artificial intelligence is an investment.

Reporting by Leigh Thomas; Editing by Richard Lough and Edmund Blair

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