March 22, 2019 / 1:21 PM / a month ago

Europe must build world's best batteries to save jobs: German minister

FILE PHOTO: German Economy Minister Peter Altmaier presents the national industry strategy for 2030 during a news conference in Berlin, Germany, February 5, 2019. REUTERS/Fabrizio Bensch

BERLIN (Reuters) - German Economy Minister Peter Altmaier said Europe was under pressure in the race to set up production of battery cells for electric cars in order to keep up with China or the U.S., Tagesspiegel newspaper reported on Friday.

“We can only prevent massive job losses if we build the world’s best batteries in Europe,” Altmaier was quoted as saying.

Reporting by Thomas Seythal; editing by Tassilo Hummel

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