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Electronics Production |

EU approves €48 Million sid for Envision AESC battery plant in France

The European Commission has approved a EUR 48 million French state aid package to support Envision AESC France in establishing a lithium-ion battery factory in Douai.

France notified the Commission of its plans to support Envision AESC France in setting up the first phase of a new factory in Douai, Hauts-de-France. The plant will produce Lithium-ion batteries for electric vehicles with an annual capacity of 9 GWh in this first phase.

The aid – which will take the form of a direct grant –will amount to EUR 48 million, and the project is set to create approximately 1,000 direct jobs.

 


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