Schneider Electric joins coalition for the development of €1.6bn gigafactory in France

The facility once built will have an initial capacity of 16GWh of battery cells

Schneider Electric  is working on an ambitious plan to build a €1.6 billion (£1.4bn) gigafactory in France.

The project is led by the French industrial company Verkor, which has announced it will also work with EIT InnoEnergy and the property firm GROUPE IDEC, to build the facility, which is estimated to create more than 2,000 jobs.

Construction of the project begins in 2022 and with production to begin one year later, with an initial capacity of 16GWh of battery cells which will later increase to 50GWh.

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