Chinese Firm Constructs Gigafactory in France's...
China News
March 8, 2024
Amidst harsh winter conditions, construction progresses on Envision AESC's gigafactory in Northern France, marking the Chinese company's inaugural gigafactory venture in Europe. With EU regulations mandating zero-emission vehicles by 2035 and a requirement for 90% of EV batteries to be locally produced by the decade's end, France has extended substantial incentives to entice companies to its shores, offering billions of dollars in support.