• Nieuwsbrief

02 05 2019 02

The Franco-German initiative announced last December for setting up a battery cell production facility is becoming concrete. The economic ministries of both countries have now proposed the alliance as the first consortium for funding from the EU Commission.

The consortium involves the French car manufacturer PSA with its German subsidiary Opel and the French battery manufacturer Saft, which belongs to the Total group. The German newspaper, Frankfurter Allgemeine Zeitung (FAZ) reported that the consortium is planning “large-format and sustainable battery production in France and Germany”, supposing that the Opel component plant in Kaiserslautern in Germany could become one of the locations where battery cells are produced in the future.

FAZ quoted the following excerpt from the declaration of intent submitted by France and Germany in support of the consortium: “Due to urgent and irreversible strategic decisions by the partners”, the project needs a green light from Brussels as soon as possible. Meanwhile, the letter does not explicitly state the funding amounts involved or the location of the planned production facility. German Minister for Economic Affairs and Energy, Peter Altmaier, and his French counterpart Bruno Le Maire are scheduled to discuss the next steps on 2 May.

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