Updated:01/31/2021 01: 39h
Two Spanish companies participate in the second Major Project of Common European Interest (IPCEI), recently approved by the European Commission. It’s about the manufacturer Little Electric Cars, specialized in special vehicles, and Ferroglobe, one of the largest producers of silicon alloys in the world.
The new initiative, called ‘European Innovation in Batteries’, “bets on industrial sovereignty in the field of automotive batteries and storage in the face of the strength of Asian countries”, in the words of the Minister of Industry, Reyes Maroto. The total public injection will be 2,900 million euros among the 42 participating companies from all over Europe, although Brussels hopes that they will serve to activate another 9,000 from private funds