# Baud industries invests €40M in electric vehicle parts, opens two new sites

Baud industries announced a €40 million investment over three years to shift toward electric vehicle components. It will open a new site in Haute-Savoie, France in December 2023 and a new site in Vietnam in November 2023.

- Type: Investment
- Announced: 2023-09-09
- Where: Vougy, Haute-Savoie, France, France
- Value: $43.0M (40.0M EUR)
- Jobs: 50
- Starts operating: Dec 2023
- Status: announced
- Products: machined parts for electric vehicles, sub-assemblies for electric plugs and chargers
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Baud industries](https://endata.com/companies/72508.md)

## Sources

- [lesechos.fr](https://www.lesechos.fr/pme-regions/auvergne-rhone-alpes/decolletage-baud-industries-poursuit-son-virage-vers-lautomobile-electrique-1976722), 2023-09-09: "Ces deux sites seront dédiés au marché du véhicule électrique, au plus proche de nos clients."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.