July 5, 2025 | Brussels, Belgium — The European Commission has unveiled a major €852 million funding package to boost electric vehicle (EV) battery manufacturing across Europe. Dubbed the IF24 Battery programme, this investment originates from the EU Innovation Fund, fueled by revenues from the Emissions Trading System (ETS), as part of a €1 billion tender launched in December 2024.
Six pioneering battery cell projects in France, Germany, Sweden, and Poland have been selected, collectively aiming for an annual production capacity of approximately 56 GWh — enough to power hundreds of thousands of EVs annually. These include:
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ACCEPT (Automotive Cells Company) – France: adds five NMC cell lines, totalling 15.7 GWh/year.
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AGATHE (Verkor) – France: doubles Dunkirk plant capacity from 8 to 16 GWh, with AI automation and pre‑recycling.
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CF3_at_Scale (Cellforce Group) – Germany: demonstrating high‑nickel cathode and silicon-anode high-performance cell production, ~1.6 GWh.
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WGF2G (Leclanché) – Germany: builds a 2 GWh plant using PFAS‑free aqueous processes.
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NOVO One (NOVO Energy/Volvo) – Sweden: scales up EV cell production to support regional green transition.
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46inEU (LG Energy Solution) – Poland: will produce large-format cylindrical cells (~46 mm) at roughly 11.5 GWh/year.
The projects were chosen from 14 proposals across eight countries based on innovation, GHG reduction potential, technical maturity, replicability, cost-efficiency, and supply-security contribution. All funded plants must be operational by 2030, and are expected to reduce CO₂ emissions by roughly 91 million tonnes over their first decade.
Commissioner Wopke Hoekstra stated that this investment will “increase competitiveness and support pioneering decarbonisation technologies” while advancing Europe’s “industrial transition towards clean, resilient capacities”.
This allocation is part of a broader €3 billion strategy to strengthen Europe’s battery value chain and decrease reliance on non-EU suppliers. The European Battery Alliance (EBA) welcomed the swift disbursement, though it urged further output-based support to help newly operational facilities bridge the competitiveness gap.
In tandem, the EU is investing in critical raw materials: 47 domestic mining projects (requiring €22.5 billion) in March, and 13 international minerals projects (≈€5.5 billion) in June, forming a global network of 60 strategic initiatives totalling over €28 billion. These efforts aim to underpin the battery-industrial ecosystem from raw materials to manufacturing.