Volkswagen said on Thursday it would invest over 20 billion euros ($20.38 billion) in a battery cell business jointly with partners, creating 20,000 jobs and reaching annual sales above 20 billion euros by 2030 as it seeks leadership in the growing market.
Hungary on Tuesday gained EU competition approval to grant 209 million euros ($230 million) in state aid to South Korea's SK Innovation Co's electric vehicle battery plant, its third in the country.
France's Safran said it would review the future of 30% of the Zodiac Aerospace business it acquired three years ago, as it set out five-year financial goals and pledged to accelerate investments in the decarbonisation of aviation.