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The Germany-based automotive manufacturer, Volkswagen, and Swedish firm, Northvolt, as well as unknown other companies are collaborating in battery cell research, according to Reuters.
Set to initiate at the beginning of 2020, the European Battery Union (EBU) aims to put together know-how on battery cell production, which includes research on raw materials, cell technology and the recycling of used batteries.
Volkswagen commented: “All the partners will step up their investments as a result of the planned additional research activities.”
In order to supporting a consortium that is making electric car cells and strives to supply a research facility to build next-generation solid-state batteries, Germany has set aside $1.14bn.
According to the Economy Ministry, over 30 companies have applied for the programme that supports the development of battery cells.
This article is originally posted on Tronserve.com