Leclanché Secures EU Funding for Sustainable Battery Production Expansion

Leclanche SA ( (CH:LECN) ) just unveiled an announcement.

Leclanché SA has secured a 74.2 million euro funding agreement with the European Climate, Infrastructure and Environment Executive Agency (CINEA) to support sustainable battery production in Europe. This funding will enable the expansion of its production site in Willstätt to a capacity of 2 GWh, enhancing its lithium-ion cell production using environmentally friendly technology. This initiative is part of a broader EU effort to boost clean battery production and reduce reliance on imports, aligning with the European Green Deal. While the funding marks a significant milestone for Leclanché, the company must secure additional financing of 141.3 million euros by June 2026 to fully implement the project. Leclanché is actively engaging with potential partners to ensure the necessary capital structure and maintain operations amid current liquidity challenges.

The most recent analyst rating on (CH:LECN) stock is a Sell with a CHF0.28 price target. To see the full list of analyst forecasts on Leclanche SA stock, see the CH:LECN Stock Forecast page.

More about Leclanche SA

Leclanché is a leading provider of low-carbon energy storage solutions based on lithium-ion cell technology. Founded in 1909 in Yverdon-les-Bains, Switzerland, the company is known for its innovation in battery and energy storage, with production facilities in Germany. It operates in three business units: Energy Storage Solutions, E-Mobility Solutions, and Specialty Battery Systems, employing over 350 people across eight countries. Leclanché is listed on the Swiss Stock Exchange.

YTD Price Performance: -12.25%

Average Trading Volume: 66,776

Technical Sentiment Signal: Strong Sell

Current Market Cap: CHF204M

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