EIB to invest €450 million in AESC’s upcoming EV battery gigafactory in Douai, France
AESC’s upcoming gigafactory in France is expected to commence production by 2025 with an initial capacity of 9 GWh
The European Investment Bank (EIB) plans to invest €450 million in Automotive Energy Supply Corp. (AESC) to support the battery-maker’s upcoming electric vehicle battery manufacturing plant in France, the European Commission announced October 12.
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