France seeks European battery deal ahead of EV push

France called on Thursday for European battery manufacturers and automakers to create a consortium able to meet the anticipated demand for electric vehicles and compete with dominant Asian producers.

“It (a consortium) must be at the European level because the French market alone will not be enough,” Energy Minister Francois de Rugy told Reuters following a cabinet meeting.

Several projects have been announced in recent months to build battery plants in Europe and last week the German government said it had set aside around 1 billion euros ($1.14billion) to support battery cell production.

Berlin aims to have 30 percent of such production coming from Germany and Europe by 2030.