Plastic Omnium to invest €20m in Verkor.

Plastic Omnium, a family-led independent group that operates globally, with 137 production plants in 25 countries and 31 R&D centers, agreed to invest €20m ($22m) in Verkor, a manufacturer of battery cells intended to increase the production of low carbon batteries to meet the growing demand for electric vehicles. “This new industrial partnership positions Verkor as a key player in the electric mobility space and gives us the opportunity to develop our expertise on the commercial vehicles and stationary storage markets. Verkor is proud to work with Plastic Omnium, a major innovative player in mobility and industry with a long-term, future-focused strategy," Benoit Lemaignan, Verkor CEO.