Battery manufacturer Saft , a subsidiary of French investment group plc , said it will invest more than € 200 m ( $ 233 m ) to develop competitive , solid - state battery technology by 2025 . An unspecified percentage of the funds will be provided by EU ’s executive arm , which aims to support the development of a European battery industry , silicon battery . Earlier this year Saft formed an alliance with Siemens , Solvay and Manz to design , develop and build a new generation of solid - state batteries in order to compete with Asian and American manufacturers .
Battery manufacturer Saft, a subsidiary of French energy group Total, said it will invest more than €200m ($233m) to develop competitive, solid-state battery technology by 2025. An unspecified percentage of the funds will be provided by EU’s executive arm, which wants to support the development of a European battery industry, Saft said. Earlier this year Saft formed an alliance with Siemens, Solvay and Manz to research, develop and build a new generation of solid-state batteries in order to compete with Asian and American manufacturers.