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The European Union’s anti-trust authority approved €3.2 billion ($3.5 billion) in subsidies aimed at helping Europe boost its lagging competitiveness in the electric battery sector. The subsidy from seven members states — Germany, France, Italy, Poland, Belgium, Sweden and Finland — will go to 17 different companies, a statement from the European Commission said. The investment injection will help generate an extra €5 billion in private investment, it added. Electric battery production is an important industry sector for the Europe, and the push for subsidies is part of a broader push led by France and Germany to make sure Europe…

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