According to foreign media reports, on December 3, the European Commission called for an EU fund with an additional 1 billion euros (about $ 1.1 billion) to support electric vehicle battery manufacturing because the current electric vehicle industry is facing pressure.
The European Commission stated that the fund will become part of the 4.6 billion euros of the INNOVATION Fund to support the development of net zero technology and renewable hydrogen energy for the EU.
European electric vehicle manufacturers are facing fierce competition from Asia. At the same time, consumers’ demand failed to meet expectations, resulting in frustration of employment markets in the region.
EU member WOPKE HOEKSTRA stated in a statement: “As we promise, we are providing support for European citizens and enterprises. We will invest 4.6 billion euros to support European zero -emission technology, electric vehicle batteries and renewable hydrogen hydrogen hydrogen. Can wait for cutting -edge projects. “
European auto manufacturers have been working hard to meet the problems of weak demand and lower electrification transformation than expected, and at the same time face fierce competition from China. To this end, the European Union has raised tariffs on electric vehicles made in China, and aims to resist the unfair China subsidies it calls
On December 3, Swiss car supplier Feintool said that due to weak demand for electric vehicles and uncertainty to renewable energy transformation, the company will close a factory located in Germany and lay off more than 200 people.