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French support for Envision EV batteries factory wins EU approval

( January 31, 2025, 10:46 GMT | Official Statement) -- MLex Summary: France can grant 48 million euros of state support to Envision AESC to build a factory for making lithium-ion batteries for electric vehicles, the European Commission said today. The EU regulator said the funding was in line with EU state aid rules, in particular those supporting development in disadvantaged regions. The project would also support the green transition, the commission said.Statement follows....

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