BILLY-BERCLAU, France : France will inaugurate on Tuesday a battery-making gigafactory, the first of four such plants European and Asian companies plan to build in the north of the country.The development by Automotive Cells Company, a joint-venture between Stellantis, Mercedes and TotalEnergies, involves
BILLY-BERCLAU, France : France will inaugurate on Tuesday a battery-making gigafactory, the first of four such plants European and Asian companies plan to build in the north of the country.
It highlights the race between European governments to attract global car makers as they seek to bring the supply of components for electric vehicles closer to their main markets. The plant will start production of lithium-ion batteries later this year with an initial capacity of 13 gigawatt hours , to be ramped up to around 40 GWh, enough to fit some 500,000 cars a year. It is expected to help create up to 2,000 jobs by 2030, the companies and regional authorities have said.
Europe largely depends on batteries made in Asia for electric cars, and national leaders are offering various incentives to kickstart the industry.
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