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Montana Tech eyes European electric car battery plant

(Reuters) – Austrian investor Michael Tojner’s Montana Tech Components group has plans to set up a major plant in Europe to make batteries for electric cars and has launched talks with German carmakers, the company said on Tuesday.

Should the plan bear fruit, it could lead to a bourse listing for its Germany-based Varta car battery business, a spokeswoman said, confirming media reports.

The company already works with Volkswagen on developing batteries for electric cars.

Should the group get enough orders this year, it could start serial production of electric car batteries by 2017.
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