EU green light for $3.5 billion pan-European battery project: Report

EU competition regulators on Tuesday approved a 2.9-billion-euro ($3.5 billion) battery project funded by Germany, France, Italy and nine other EU countries, responding to the growing demand for car and industrial batteries in the 27-country bloc.

  Members of the scheme called European Battery Innovation include Austria, Belgium, Croatia, Finland, Greece, Poland, Slovakia, Spain and Sweden, the European Commission said.   The countries hope to attract 9 billion euros from private investors.   The bloc launched.

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