BASF picks German state of Brandenburg as battery materials production site
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FRANKFURT (Reuters) - Chemicals giant BASF on Wednesday picked a site in the eastern German state of Brandenburg for its second European battery materials factory, part of a 400 million euro investment plan to tap into the growing electric vehicle market.The choice of location gives another boost to the economically weaker former communist east of the country after electric vehicle pioneer Tesla in November laid out plans for its first European factory and design centre near Berlin.The site,..