As EU countries debate the European Commission’s proposal, Beijing is urging national governments to abandon the planned law. Otherwise, China says it will take countermeasures. #EuropeNews
The so-called Industrial Accelerator Act would, if adopted by EU governments and the European Parliament, prioritise European-made products in public procurement in sectors considered strategic, including automotive, green technologies, and energy-intensive industries such as aluminium and steel.
It would also place conditions on foreign direct investment exceeding €100 million in areas such as batteries, electric vehicles, solar panels and critical raw materials.
The problem with the batteries thing is that if one isn’t going to have foreign investment, one has to have domestic investment. Is there a Northvolt successor? In a couple searches, I don’t see one.
The problem with the batteries thing is that if one isn’t going to have foreign investment, one has to have domestic investment. Is there a Northvolt successor? In a couple searches, I don’t see one.