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Factbox-Companies invest in EV battery factories in Europe

(Reuters) - Europe is seeking to lure electric vehicle (EV) battery makers to build factories in the region as the bloc - home to carmakers such as Volkswagen and Stellantis - tries to cut its dependency on Asia and win a green subsidy race with the United States.

Companies invest in EV battery factories in Europe, Energy News, ET EnergyWorld

Europe is vying for electric vehicle (EV) battery manufacturers to establish factories in the region to reduce reliance on Asia, and to win a green subsidy competition with the US. The region aims to draw in EV component and ingredient suppliers as well.

Companies invest in EV battery factories in Europe

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