AGP Executive Report
Last update: 23 minutes agoTrade and Industrial Policy: The EU joined 14 economies in a US-led push to tackle excess manufacturing capacity, as EU negotiators met China over surging imports. Germany also blocked COSCO’s bid for an 80% stake in freight firm Konrad Zippel. Energy Costs: UK manufacturers face an estimated £11.4bn annual energy bill premium compared with US prices, adding pressure to an already difficult competitiveness gap. Factory Investment: BMW opened its new Irlbach-Straßkirchen plant in Germany, while Renault plans to invest more than €10bn in French EV and affordable-car production. European Production: XPENG completed a production trial of its G9L at Magna’s Graz facility, expanding its local vehicle lineup. Battery Circularity: French startup VoltR raised €22m to scale battery remanufacturing across Europe.
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