EU provides 852 million euros in funding for six electric vehicle battery projects

The European Commission recently announced that it will provide a total of 852 million euros in funding to six electric vehicle power battery projects. These projects include ACC's "ACCEPT" project in France, Verkor's "AGATHE" project in France, and Porsche subsidiary Cellforce's "CF3_at_Scale" project in Germany. These projects are expected to be put into operation before 2030, with a total annual production capacity of about 56GWh.