The first €852 million in funding under the "IF24 Battery" initiative has been allocated to six selected projects. Once operational, these projects are expected to deliver a combined annual production capacity of approximately 56 GWh in electric vehicle (EV) battery cells.
According to a recent announcement by the European Commission, the EU will invest €852 million to support the development of EV batteries as part of its broader strategy to transform Europe's industrial base into one that is cleaner, more competitive, and more resilient.
Launched at the end of 2024, the €1 billion "IF24 Battery" program aims to promote advancements in battery technology and the establishment of a green industrial ecosystem across Europe.
The funding comes from the EU Innovation Fund, which is financed by revenues generated through the EU Emissions Trading System (EU ETS).
The six projects selected for this first round of funding are located in France, Germany, Sweden, and Poland:
ACC's "ACCEPT" project in France will add five new NMC (nickel-manganese-cobalt) battery production lines with a total capacity of 15.7 GWh.
Verkor's "AGATHE" project, also in France, plans to increase the capacity of its Dunkirk battery plant from 8 GWh to 16 GWh.
Porsche subsidiary Cellforce's "CF3_at_Scale" project in Germany will establish a 1.6 GWh high-performance battery line using high-nickel cathodes and silicon anodes.
Leclanché's "WGF2G" project in Germany aims to expand its factory's capacity to 2 GWh.
NOVO Energy's "NOVO One" project in Sweden (a Volvo subsidiary) supports the green transition in the Gothenburg region.
LG's "46inEU" project in Poland will build a production line for 46-series large cylindrical battery cells, targeting an annual output of 115 million cells, equivalent to around 11.5 GWh.
These projects are expected to be operational by 2030 and are projected to reduce approximately 91 million tons of CO₂ equivalent in greenhouse gas emissions during their first ten years of operation.
In parallel with these developments, in June 2025 the EU announced the selection of 13 new overseas strategic raw material projects as part of its critical minerals supply chain security plan. These projects are expected to require a total capital investment of €5.5 billion.
In March 2025, the EU also unveiled 47 domestic mining projects aimed at increasing the production capacity of strategic raw materials. These 47 projects are projected to require €22.5 billion in total investment and target the local extraction, processing, and recycling of 14 out of 17 materials deemed essential for energy transition and security.
With the addition of the 13 new overseas projects, the EU now has a global network of 60 strategic raw material initiatives, which together are expected to require around €28 billion in initial funding.
Through this network, the EU aims to enhance its industrial competitiveness-particularly in sectors such as electric vehicles, renewable energy, defense, and aerospace. These efforts represent an early implementation of the Critical Raw Materials Act, which came into force in May 2024.
