Financial expert: Macron announces billions in investments for Battery Valley

Lokalpolitiker in Dünkirchen träumen bereits von einem „Battery Valley“ – in Anlehnung an das Silicon Valley in Kalifornien. Emmanuel Macron verkündete jedenfalls vorige Woche den Bau zweier neuer Gigafabriken für Elektrobatterien in der nordfranzösischen Hafenstadt. Das taiwanesische Unternehmen Prologium investiert 5,2 Milliarden Euro, die chinesische Lithium-Verarbeiterin XTV 1,5 Milliarden. Den Strom dazu sollen das Atomkraftwerk Gravelines sowie ein neuer Offshore-Windpark im Ärmelkanal liefern.

French President Emmanuel Macron has announced the construction of two new gigafactories for electric batteries in Dunkirk. Taiwanese company Prologium is planning an investment of 5.2 billion euros, while Chinese lithium processor XTV will contribute 1.5 billion euros. The Gravelines nuclear power plant and a new offshore wind farm in the English Channel will be used to provide electricity.

Impact on the market and the financial industry:

The construction of the electric battery gigafactories in Dunkirk could have significant implications for both the market and the financial sector. On the one hand, the investment totaling 6.7 billion euros will create great demand for workers and suppliers. This could lead to an economic boom in the region and provide new business opportunities for companies related to battery production and processing.
Furthermore, demand for electric cars and other electrical devices that rely on batteries is expected to increase. This could have a positive impact on the stock prices of companies operating in the battery industry. Investors may show increased interest in these companies and potentially increase their investments accordingly.
In addition, the construction of gigafactories could promote the development and production of clean energy. The use of the Gravelines nuclear power plant and the offshore wind farm in the English Channel to power the factories shows France's commitment to renewable energy. This could lead to investors investing more in green energy and have a positive impact on companies operating in this area.

Source:

According to a report by www.derstandard.de,