Tiamat suspends €200M sodium-ion battery plant near Amiens, cites funding gap

French sodium-ion battery startup Tiamat has paused its planned €200 million factory near Amiens, which was to create 400 jobs, due to difficulties securing private funding. The company will continue production via Asian subcontractors in the short term, and the region will reclaim €2.87 million in paid aid. This signals a setback for European battery supply-chain diversification and raises questions about the viability of next-gen battery scale-up in Europe.