Auto European Union approves state aid to develop car batteries industry Updated : December 10, 2019 12:40 PM IST According to the EU, the member states' funding should unlock an additional 5 billion euros in private investment. Von der Leyen, who will present details of her so-called European Green Deal later this week, wants to make the EU climate neutral by 2050. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.