Macron Announces €1 Billion Stellantis EV Project

French President Emmanuel Macron announced major private investments on Tuesday to accelerate France's shift from fossil fuels. The largest single commitment is a €1 billion electric-vehicle project from Stellantis.

Some 200 companies signed a national pact committing to the government's target of raising electricity to 60 percent of the national energy mix by 2030. The meeting was described by organizers as the country's "electrification team" gathering.

Separately, BP dismissed its chairman Albert Manifold, citing "serious concerns" about governance standards and conduct. The company did not provide further details on the internal review that led to the decision.