The European Union has announced a €1.8 billion ($1.92 billion) fund to strengthen supply chains for battery raw materials, the European Commission confirmed on Wednesday.
This initiative follows the Commission’s earlier announcement in 2024, where it outlined plans to collaborate with the European Investment Bank to support investments in the EU’s battery manufacturing sector.
The funding is part of the EU’s broader strategy to ensure a reliable and sustainable supply of essential materials for the growing battery industry.
