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PSA: Could Hauts-de-France get a gigafactory?

08 Jan 2020 | Front page, Mobility, Investment

The Hauts-de-France region has entered into exclusive negotiations with the automotive group Peugeot-Citroën to build a battery factory near Lens.

automotive, electric car, batteries

PSA - Hauts-de-France region: exclusive negotiations are underway for a battery plant

Peugeot-Citroën is aiming to offer a range of 100% electric vehicles by 2025. In order to achieve this, the group wants to build a gigafactory (for the production of batteries) in France. The project will be carried out in partnership with SAFT, a subsidiary of the Total group.

There are three sites under consideration - Douvrin (Hauts-de-France) Trémery (Grand Est) and Sochaux (Bourgogne-Franche-Comté) - with Hauts-de-France the front-runner and in mid-December, the region entered into exclusive negotiations with the group. This decision followed a vote to allocate €121M funding for the project, of which €80M will come from regional funds and €41M from local authorities.

“Douvrin is PSA's first choice for this ambitious industrial project,” said Hauts-de-France President Xavier Bertrand. “It needed to be certain of our financial support.”

This wide-reaching project meets the long-term strategic objectives of the European Commission. It represents a total investment of €2.2 billion for the creation of 2,500 jobs.

The final decision will be made by the PSA group at the start of next year.

Why is Hauts-de-France in pole position for this project?

In addition to the financial assistance already agreed, the region has many structural advantages which make it the ideal location to build a battery factory for electric vehicles:

 

 

*CCI Hauts-de-France study 2019
**Business France 2018 report/IBM
***EY study 2019

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