French and Chinese firms ink deals on sidelines of Xi's Paris visit [Reuters]
ALSTOM UNSP/ADR (ALSMY)
NASDAQ:AMEX Investor Relations:
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Company Research
Source: Reuters
PARIS, May 6 (Reuters) - French and Chinese companies signed on Monday deals ranging from energy, finance and transport on the sidelines of Chinese President Xi Jinping's visit to the French capital. WHY IT'S IMPORTANT French President Emmanuel Macron and EU Commission chief Ursula von der Leyen in Paris to ensure more balanced trade with Europe at a time of growing business tensions. MAIN CONTRACTS - Agreement to set up a global strategic partnership in the battery industry between Xiamen Tungsten New Energy and Orano. - Memorandum of understanding between Envision and Suez. - Supply contracts for electric traction systems between Alstom company and the New United Group for metro lines in Beijing and Wuhan. - 3 partnership projects between EDF-SPIC, namely hydrogen production, installation of photovoltaic panels in Saudi Arabia, and maintenance of low-consumption public lighting in Wuhan. - Memorandum of understanding between Fives and Envision for cooperation in the
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