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Stock impact report

Coal-reliant Poland's e-car push clouded by EU emissions row [Reuters (UK)]

TOTAL SA (TOT) 
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US:NYSE Investor Relations: total.com/en/investors
Company Research Source: Reuters
Coal-reliant Poland's e-car push clouded by EU emissions row - Reuters 6 Min Read WARSAW/PRAGUE (Reuters) - Poland is betting on electric batteries to turbocharge its economy, but its dependency on coal could challenge its strategy as the EU seeks to champion European manufacturers that promote clean energy. Eastern Europe’s biggest economy is already a center for auto parts makers such as Michelin, Valeo and Denso. As carmakers shift to electric vehicles, spurred by efforts to combat climate change, Warsaw is counting on lithium battery production to carve out a niche in the auto industry’s ‘green energy’ generation manufacturing. In the first quarter of 2019, Poland was the EU’s biggest exporter of lithium ion batteries - with sales of 361 million euros ($400 million) - after luring Asian battery makers led by South Korea’s LG Chem. LG Chem’s plant near the city of Wroclaw, which opened last year, is Europe’s largest electric vehicle battery factory and is now undergoing a 4.4 billi Show less Read more
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