A spray of relatively modest EU subsidies across 'consortiums' probably way it pans out without German auto.
Feb 2018 -Airbus-style EU battery alliance splits before take-off
"Initially branded as an Airbus-style consortium, the European battery alliance is more likely to look like a network of smaller industrial and innovation clusters, according to the European Commission vice-president in charge of the Energy Union, one of the main advocates of the project."
Jan 2018 -Industry opposes EU Battery Alliance’s scope
"EU vice president Maroš Šefčovič is facing opposition from the industry though as executives doubt their investment in a European Gigafactory would pay off. Instead of the wanted Gigafactory, Europe may only see construction of a Nanofactory." "The automotive industry however remains sceptical regarding their return on investment. Their calculations put EV sales at no more than 2 percent of total sales for at least another decade in the Western world."
MNS Price at posting:
39.5¢ Sentiment: Sell Disclosure: Not Held
(20min delay)