EU announces €4bn state aid to back battery and green tech factories

Support aims to stop production being lured overseas with promise of bigger foreign subsidies The EU has announced €4bn (£3.4bn) of state aid investments in new factories producing electric batteries for cars, heat pumps and solar panels as it looks to accelerate production and the uptake of green technologies and combat cheap Chinese imports. The Swedish battery producer Northvolt will receive €902m in state aid to build a new factory in Heide in Germany, while a wide range of clean tech f...