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EU countries overtake China in battery investment

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Published: June 26th, 2023,
Last updated: June 26th, 2023

According to EU figures, member states put three and a half more resources into battery technology than China last year. „Our first estimate was that we should be able to cover 80 to 90 percent of the battery needs of the European automotive industry by the end of the decade, and that is still our target,“ Maroš Šefčovič, Vice-President of the EU Commission, told German daily Welt am Sonntag.

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