Germany taking steps towards efficient production of electric vehicles
- Country:
- Germany
Germany and Bolivia on Wednesday sealed a partnership for the industrial use of lithium, a key raw material for the production of battery cells, in an important step to becoming less dependent on Asian market leaders in the dawning age of electric cars.
"Germany should become a leading location for battery cell production. A large part of production costs is linked to raw materials," German Economy Minister Peter Altmaier said.
"German industry is therefore well advised to secure its needs for lithium early in order to avoid falling behind and slipping into dependency," Altmaier said, adding that the deal was "an important building block" to secure this supply.
With the joint venture, Bolivian state company YLB is teaming up with Germany's privately-owned ACI Systems to develop its massive Uyuni salt flat and build a lithium hydroxide plant as well as a factory for electric car batteries in Bolivia.
(With inputs from agencies.)
- READ MORE ON:
- Automotive battery
- German Economy Minister Peter Altmaier
- industrial use of lithium
- Lithium battery
- Laugh Factory
- factory
- Electric battery
- battery cell production
- Association of German Chambers of Industry and Commerce
- dawning age of electric cars
- Cell
- Russia
- German language
- electric car batteries
- German industry
- World News
ALSO READ
Floods swamp swathes of Russia and Kazakhstan but worse still to come
Biden and Japan's Kishida forge new partnership, eyeing China and Russia
Russia intensifies crackdown on dissent by placing additional Kremlin critics on wanted list
Russia launches 'counter-terrorist operation' in southern region, RIA reports
Water levels rise in Russian rivers in flooding zone