EU Commission, EIB to invest in European battery manufacturing

BRUSSELS, Dec. 3 (Xinhua) -- The European Commission and the European Investment Bank (EIB) formed a partnership to support investment in the EU's battery sector, the Commission said in a statement on Tuesday.

The partnership will offer one billion euros (1.05 billion U.S. dollars) of grants to support electric vehicle battery cell manufacturing via the EU's Innovation Fund and an additional 200 million euros of