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It is reported that Germany will announce an investment of 1 billion euros (approximately 1.2 billion US dollars) to support the alliance's production of electric vehicle batteries. In addition, the German government plans to invest in a research and development institution to support its research and development of new generation solid batteries.

The German government's move is expected to be announced this week, mainly to reduce the dependence of German car companies on Asian battery suppliers, and to safeguard Germany's employment environment during the transition from the era of internal combustion engines to the era of electrification.

But Germany's investment in the field of electric vehicle batteries may be relatively late. Electric vehicle manufacturers in the Asian market are also increasing production, but some experts suggest that the crisis of oversupply may hinder emerging battery manufacturers in Europe from engaging in large-scale production.

Asian companies dominate, and Germany may have taken a step forward

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