French battery specialist and Renault partner Verkor has secured more than €250 million in financing. The fresh capital, which comes from the European Investment Bank among others, will flow into the company’s technology and innovation centre in Grenoble called Verkor Innovation Center (VIC).
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The non-profit organisation “Upcell – European Battery Manufacturing Alliance” was recently founded in Paris. The members and partners have set themselves the task of building a European value chain for batteries and thus accelerating the transition to electromobility.
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In France, Renault-backed battery cell manufacturer Verkor is partnering with industry group Startec Energy to develop and commercialise recyclable battery packs for electric mobility. The partnership aims to commercialise an annual volume of up to 1 GWh by 2030.
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The French automotive supplier Plastic Omnium is accelerating its strategy for electromobility with two investments: Plastic Omnium wants to take over Actia Power, as well as investing 20 million euros in the French battery manufacturer Verkor.
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The French battery company Verkor will build its first battery cell factory in the northern French port city of Dunkerque on the border with Belgium. Production is scheduled to start in 2025.
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The French battery specialist Verkor has raised 100 million euros from investors. Among other things, the money is to be used to build up battery cell development and production in France, which Verkor recently agreed with Renault.
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Renault has now officially confirmed that the Chinese battery manufacturer Envision AESC will build a battery factory at Renault’s Douai site in northern France. The French carmaker also announced further collaborations, such as with the French start-up Verkor and possibly with ACC.
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Chinese battery manufacturer Envision AESC is said to be aiming for a battery factory at Renault’s Douai site in northern France that will offer an annual production capacity of 24 GWh by 2027 and 43 GWh by 2030 in several expansion stages.
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Verkor has announced its intention to produce battery cells for electric cars on a gigawatt scale in Europe, among other things. The newly founded French company relies on well-known partners and is already looking for a site for the factory.
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