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Story summary
- European Commission (EC) plans to propose the Industrial Accelerator Act, requiring a minimum share of products 'made in Europe' for public-funded technologies to bolster local industries against China.
- The Act, set for release on February 26, will set EU-made content rules for batteries and renewable energy.
- The proposal would require 70% EU-made components in electric vehicles.
- It also sets conditions on foreign investments, and 'made in Europe' definitions remain unsettled.
