French battery maker ACC welcomes EU auto sector support but fears it's too late

Reuters

Thu, Mar 6, 2025, 5:08 AM 1 min read

PARIS (Reuters) - French artillery shaper Automotive Cells Company said connected Thursday it welcomed enactment from the European Union for the car sector, but besides feared that it would travel excessively late.

The European Commission unveiled an enactment program for the car manufacture connected Wednesday to assistance it conscionable a people for zero c emissions from immoderate cars and vans sold successful the portion by 2035.

It included making disposable 1.8 cardinal euros ($1.94 billion) to assistance unafraid proviso chains for artillery earthy materials.

ACC, which is jointly owned by Stellantis, Mercedes and TotalEnergies, said successful a station connected LinkedIn that it welcomed the enactment from a "medium-term enactment plan" to assistance Europe's manufacture adjacent the spread with Asian producers.

"Nevertheless, we fearfulness that the urgency of the concern we are presently going done is not being considered. To payment from it, we volition person to person managed to past until then," it added.

ACC has sharply slowed its artillery accumulation plans owed to uncertainty implicit electrical conveyance request successful Europe and the emergence of much affordable artillery chemistries.

When it launched its archetypal gigafactory successful bluish France successful May 2023 the radical was readying 9 accumulation blocks by 2030, dispersed crossed France, Germany and Italy, backed by 7.3 cardinal euros successful investment.

But the German and Italian projects person since been enactment connected hold, and lone 1 artifact successful France producing batteries for Stellantis is operational, with a 2nd to commencement astatine the extremity of the year.

($1 = 0.9255 euros)

(Reporting by Gilles Guillaume; Writing by Makini Brice and Dominique Patton, Editing by Dominique Vidalon, Kirsten Donovan)