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A battery pack powers the electric motor found in electric vehicles. Electric cars have no emissions and are therefore environmentally benign, which is their main benefit. Additionally, they don’t use any fossil fuels, thus they power the car using a sustainable source of energy.
Traction battery pack, DC-DC converter, electric motor, power inverter, charge port, onboard charger, controller, auxiliary batteries, thermal system (cooling), and transmission are the key parts of electric cars.
The France EV Components Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
In an effort to better compete in Europe’s rapidly expanding EV market, Renault is making significant strides toward establishing an electric vehicle production cluster in northern France.
The activities at three current locations in Douai, Maubeuge, and Ruitz will be combined into a new, completely owned legal entity, the French manufacturer is expected to announce.
A crucial component of the plan to rescue the struggling automaker and increase production of electric and hybrid vehicles is the EV hub, which has the capacity to create up to 400,000 automobiles. The action would also assist Renault keep its promise to the French government, its largest shareholder, to keep EV technology and jobs in France.
To develop and construct battery cells for electric cars in Europe, Daimler will collaborate with rival Stellantis and the energy firm TotalEnergies.
The joint company formed by Stellantis and TotalEnergies last year with the goal of constructing gigafactories in France and Germany, Automotive Cells Company, would receive a 33% equity investment from the German luxury automobile.
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