Engie Sees More Losses From EV Charging Unit it is Struggling to Sell

PARIS, May 17 (Reuters) – France’s Engie  said its electric vehicle charging station business lost 22 million euros ($24 million) in the first quarter and will continue to lose money into next year.

Engie has failed to find a buyer for troubled subsidiary EV Box and is now considering selling off the business piecemeal in a bid to limit its exposure, Engie CFO Pierre-Francois Riolacci said on Friday during company results.

EV Box lost 140 million euros last year and is “trending toward that same amount” in 2024, he said, adding there would be more losses in 2025.

($1 = 0.9225 euros)

Share This:

---

More News Articles