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EU approves €902 million German aid package for Northvolt EV battery plant

First aid package given to deter competition from US

Siobhan Lismore-Scott
Northvolt is building a gigafactory to produce lithium ion batteries in Germany

Northvolt is building a gigafactory to produce lithium ion batteries in Germany

The European Commission has approved a €902million German aid package to support Northvolt in building its EV battery plant. The EU said that the aid was necessary to secure the Swedish lithium-ion...

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