Manz AG received official notification from the German Federal Ministry for Economic Affairs and Energy (BMWi) and the Baden-Wuerttemberg State Ministry of Economics for funding in the amount of approximately €70 million. The award is part of the Important Projects of Common European Interest ("IPCEI") to promote research and innovation in the battery value chain. A total of eleven German companies will receive subsidies for their projects, with Manz AG playing a central role as a mechanical engineering company. With the project known as "European Battery Innovation (EuBatIn)", twelve EU member states will provide a total of up to €2.9 billion in funding for companies in the respective countries in the coming years. Manz Italy will also receive funding in the mid-double-digit million-euro range. Manz will use its good starting position to strengthen the competitiveness of European machinery and equipment suppliers in cooperation with its European partners from the IPCEI network, and to secure a significant market share in the future segment of the battery industry.