The European Commission plans to invest 3,2 billion euros to innovation in battery technology. Investment is targeted to 7 EU countries (Belgium, Sweden, Germany Finland, France, Italy and Poland). Public aid by EU is first part of amount which will approximately be invested in batteries. Public funding expects raise investment of additional 5 billion from private sector. Whole amount of money is planned to be invested by 2031.
Project should be pressure for growing GDP, creation on new jobs and competitiveness of EU. Investment in research and development of batteries will have impact on the vertical chain connected on batteries. Chain includes mining and processing the raw materials, production of advanced chemical materials, the design of battery cells and modules.