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Message: Pressure for german companies to unite on battery production

In the conference call Sankar commented on the enormous pressure from the German government to have battery production in Germany. Sankar stated they WILL be involved in e-mobilty and that they would have to be in that space. Right now Litarion is the only battery manufacturer in Germany producing batteries for autos. It sounds like the german government is putting pressure on everyone to come together to create a strong battery technology and production there. They may be making it a condition to recieve funds from the government to cooperate in the automotive space.

https://global.handelsblatt.com/edition/293/ressort/companies-markets/article/a-battery-for-the-volk?8699

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