EU to commit $3.5B to EV battery production to stop China’s dominance

The European Union is reportedly working on plans to help fund electric vehicle (EV) battery production within the bloc to prevent potential dominance from China. According to reports, the EU looks set to commit $3.5 billion to 42 companies, including Tesla, BMW, and Stellantis, to support them with Europe-based battery development and production. The EU […]