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But German Chancellor Merkel told business leaders that Germany's independent research and development of electric vehicle batteries is crucial, which will safeguard Germany's position in the automotive industry. In recent years, executives in the German automotive industry have been reluctant to launch electric vehicles and have instead focused on diesel vehicles. But the challenge they are facing now is how to make the emissions of internal combustion engines comply with increasingly strict emission regulations.

Merkel

German car companies have warned that due to the less time it takes to produce electric vehicles and the shift of their positioning from overseas to foreign battery manufacturers, it may lead to a decrease in employment demand. The German Association of Automobile Manufacturers has stated that the ban on the sale of gasoline and diesel vehicles starting from 2030 will threaten 436000 job opportunities for automotive and component companies. Hirte said, "Batteries are a key technology and an important component of the value chain, and that's why we built our factory in Germany first

Can Asia continue to lead the way as European companies unite?

The importance of establishing factories locally in Europe in terms of employment and profits. The European Commission established the European Battery Alliance (EBA) in 2017, but Northvolt from Sweden is considered the only competitive enterprise so far.

EU

As part of the German government's investment, Finance Minister Altmaier is also engaged in dialogue with German and European companies, as well as neighboring countries, in the hope of achieving cooperation. He is also working to coordinate with the European Union to address any government subsidies and antitrust investigations. After meeting with Maros Sefcovic, Vice President of the European Union Energy Union, Altmayer stated: "In the next few years, Europe will have a certain level of competitiveness in the battery industry and can survive without government subsidies." Altmayer will announce more details of battery planning at a two-day meeting starting in Berlin on November 12th, and Maros Sefcovic will also participate in the meeting.

Two insiders have revealed that a billion euro investment in the German Battery Alliance will help it establish its first factory, possibly in the West German region. The German government also plans to support the construction of a second factory, which may be located near the border between Germany and Poland in the Rautz region, where there will be two local elections in 2019.

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