This initiative is part of the Franco-German project to set up battery production in Europe, a sector dominated by Asian players.

The World with AFP Posted today at 17h44

Time to Reading 1 min.

The state will release 700 million euros over the next five years to support the development of the new generation of electric batteries, announced the Elysee Wednesday, February 13. This initiative is part of the Franco-German project to set up battery production in Europe, while the sector is currently dominated by Asian players. Germany recently announced that it will allocate one billion euros by 2022.

At the end of December, Paris and Berlin signed an agreement "Strategic" in cooperation with the European Commission, starting to realize a long-standing project in the making that has been dubbed "Airbus Batteries". The measures announced by the Elysée should be detailed by Emmanuel Macron in the evening on the occasion of the centennial Gala of the International Organization of Automobile Manufacturers (OICA).

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100,000 electrical terminals by 2022

The president should give his vision of the automobile and the importance it represents for France before ministers and industry officials, according to the Elysee. He will reaffirm the plan to deploy 100,000 electrical terminals by 2022 against about 25,000 today. It should also stress the need for Europe to have a regulatory framework to stay in the race for autonomous vehicles, currently dominated by digital giants (GAFA).

These announcements come before the presentation Thursday of the report on the future of the French automotive industry commissioned Xavier Mosquet, specialist in the automotive industry and Patrick Pelata the former CEO of Renault. In October, Emmanuel Macron entrusted them with a mission on new mobility and autonomous and electric vehicles.

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