EU Allocates $4.8 Billion to Cut Reliance on China in Cleantech Sector
- THE CHINA NOW
- Dec 5, 2024
- 2 min read
Summary
The EU has announced €4.6 billion (US$4.8 billion) in cleantech grants to reduce reliance on Chinese suppliers in critical sectors like EV batteries and hydrogen.
Applicants pledging to limit Chinese sourcing for materials like cathodes and electrolysis stacks will receive higher scores.
The move marks a rare direct mention of China in EU policy, raising potential WTO compliance challenges.
The European Union has unveiled a €4.6 billion (US$4.8 billion) grant initiative to bolster its cleantech sector, specifically targeting the reduction of reliance on Chinese imports. The grants are designed to incentivize domestic production in key industries such as electric vehicle (EV) batteries and hydrogen, with proposals that prioritize less reliance on Chinese materials receiving higher evaluation scores.
