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German Chancellor Olaf Scholz hailed the importance of electric cars at a groundbreaking ceremony for a factory to make batteries for the vehicles.
Battery cell manufacturer Northvolt says factory in the northern state of Schleswig Holstein will be able to produce power units for a million cars each year.
The Swedish company aims to invest €4.5 billion ($4.9 billion) in the plant near the town of Heide. Production is set to start in 2026 and the projected is expected to generate some 3,000 jobs.
The project is being seen as part of the…