© EVBox
Engie's electric dream turns into a nightmare. The French group has just announced the liquidation of EVBox, its subsidiary specializing in car charging stations.
A hard blow for the company, which had bet big on this booming market. But how did we get here?? Deciphering an industrial fiasco with serious consequences.
© EVBox
In 2017, Engie bought EVBox with great ambitions. The Dutch company, then in full growth, seems to have a bright future in a promising sector. Engie y sees the opportunity to position itself as a major player in the energy transition. Seven years later, the results are clear: more than 800 million euros in losses and a liquidation that leaves 700 employees on the side of the road.
© Presse-citron
The charging station sector has experienced exponential growth in recent years. Many players are are launched into the race, creating fierce competition.
200% Deposit Bonus up to €3,000 180% First Deposit Bonus up to $20,000EVBox, despite its expertise, has not been able to stand out from the crowd. The decline in interest in electric cars and rising energy prices eventually dealt the company a fatal blow.
© EVBox
Engie made several mistakes in its management of EVBox. The failed attempt at an IPO in 2021 was a first warning signal. The French group failed to react in time, continuing to inject money into a subsidiary in difficulty. The late search for a buyer only postponed the inevitable, worsening the losses.
The disappearance of EVBox is not limited to a financial failure for Engie. A whole section of the charging infrastructure is under threat. With more than 500,000 charging points installed, the liquidation of EVBox raises the crucial question of the maintenance of this equipment. A situation that will not accelerate the transition to electric mobility.
📍 To not miss any news from Presse-citron, follow us on Google News and WhatsApp.
[ ]
Photo: Jeff Amy Associated Press People vote early Tuesday in Tucker, Georgia. Agence France-Presse in…
< img src="https://img-4.linternaute.com/5x0lQbCAVi9mAWz-z-v6grSqjgc=/540x/smart/1e89932b59864dff88e52ee158130a2e/ccmcms-linternaute/66503013.jpg" alt="Time change 2024: date and instructions for the change to winter time"…
After an altercation on the public highway, a motorist is suspected of having run over…
A little less than a year after the signing of a controversial agreement between Rome…
The Israeli army carried out an air raid on the southern suburbs of Beirut, a…
The former AS Monaco captain could face up to a year in prison after the…