Brief: Valoe Joins New EU Giants Project

Valoe Oyj

31/08/2023 07:23

Aug 31 (Reuters) - Renault SA  RENA.PA :
    * VALOE JOINS THE NEW EU GIANTS PROJECT TO DEVELOP LIGHT
ELECTRIC
VEHICLES FOR GLOBAL URBAN MOBILITY. TOYOTA, RENAULT, VALEO AND
VALOE'S CUSTOMER CLEAN MOTION ARE ALSO INVOLVED IN THE PROJECT
    * GIANTS PROJECT WILL LAST 3.5 YEARS AND HAVE A COST BUDGET
OF EUR
15 MILLION, OF WHICH EUR 12 MILLION WILL BE PROVIDED BY A GRANT
    * VALOE'S AND VALOE CELLS' TOTAL SHARE OF GRANT IS
APPROXIMATELY
EUR 0.45 MILLION

Source text for Eikon:  ID:nGNE7tXdV6 
Further company coverage:  RENA.PA 

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