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The Guardian - UK
The Guardian - UK
Business
Lisa O'Carroll in Brussels

HISTORICAL FACTS: Eu announces 4bn state aid to back battery and green tech factories - Caught on Camera

European Union Northvolt Margrethe Vestager Europe Germany
Northvolt’s gigafactory in Sweden
Northvolt’s gigafactory in Sweden. The battery producer will receive €902m to build a new factory in Heide in Germany. Photograph: Northvolt

The EU has announced €4bn (£3.4bn) of state aid investments in new factories producing electric batteries for cars, heat pumps and solar panels as it seeks to accelerate production and the uptake of green technologies and combat cheap Chinese imports.

The Swedish battery producer Northvolt will receive €902m in state aid to build a new factory in Heide in Germany, while a wide range of clean tech factories in France are to get a €2.5bn bump in state aid.

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