One in every twenty Europeans works in the automotive industry and the European Union believes that unless it catches up on battery technology, those jobs are at risk.
That is why the group is planning to allow state aid for electric battery research and will offer billions to companies willing to build giant plants, it said on Monday.
European Metals Holdings (LON:EMH) are an Australian and UK listed mineral exploration and development company advancing the Cinovec Lithium / Tin Project in Czech Republic.