Turnover: 39.7 million USD (2022)
Country: France
Blue Solutions specializes in the manufacture of industrial batteries for electrically propelled vehicles.
News
Batteries: Bolloré chooses Mulhouse for its "gigafactory" project in Alsace 20/05/2024
- The Bolloré Group has announced plans to build a battery factory in Alsace.
- The aim is to create 1,500 jobs by 2032, with an investment of over 2.2 billion euros.
- The plant's annual production capacity is estimated at 25 gigawatt-hours, equivalent to 250,000 vehicles.
- The batteries produced by Blue Solutions are fourth-generation "Lithium-Metal" solid batteries, offering 40% more autonomy than current lithium-ion batteries.
Conditions for the Blue Solutions gigafactory to come into being 16/05/2024
- Lithium Metal Polymer technology developed by Blue Solutions for electric buses
- Production: Grand Est region, Mulhouse conurbation (Haut-Rhin), Wittelsheim site.
- Partnerships (or intentions) with BMW and Daimler, the latter having already signed a contract with Blue Solutions to supply batteries for buses.
- Planned investment: 2 billion euros, with the creation of 1,500 jobs.
- Final decision: scheduled for 2026
Bolloré ready to build a new battery gigafactory in France 30/04/2024
- - A new investment of 2.2 billion euros for the construction of a battery plant by Bolloré subsidiary Blue Solutions in eastern France.
- - Target production capacity: 24 gigawatt-hours (GWh) of batteries per year by 2040.
- - An initial investment phase of one billion euros for a capacity of 8 GWh.
- - Creation of 1,500 jobs planned by 2030.
- - Government subsidy of around half a billion euros
- - Co-development partnership signed with BMW in March 2023.
- - More than 200 R&D employees at Blue Solutions.
- - ProLogium, another player in the sector, has also announced the construction of a plant in France to produce "semi-solid" batteries with Mercedes.
Blue Solutions and Forsee Power join forces in all-solid batteries 07/05/2023
- Market launch of all-solid battery systems scheduled for 2026
- Main target sector: heavy-duty vehicles
- Current Blue Solutions installed capacity: 0.6 GWh
- Global market for batteries for commercial and industrial vehicles estimated at 15 billion euros in 2027
Blue Solutions pushes the limits of all-solid-state lithium metal batteries 09/12/2022
- Blue Solutions implements a solid polymer electrolyte using thin-film stacking
- This lithium-metal-polymer technology has been developed by the Bolloré Group since 2011, for RATP buses.
- Plants in Ergué-Gabéric (Finistère) and Canada
- Blue Solutions' aim is to make this technology widely available for individual cars
- Investment of 145 million euros in R&D over three years Company workforce 500 people
Blue Solutions is a company belonging to the Bolloré Group, specializing in the manufacture of lithium batteries. In addition, it is developing plastic film and electric vehicle (Blue Car) production activities.
The company has developed a special technology, LMP, manufactured without solvents, rare earths or cobalt, making it more environmentally friendly.
The company is listed on the stock exchange, but is over 95% owned by the Bolloré family, with only 4.5% still floating.
Financial Data
DUNS: 421090051
Legal Name: BLUE SOLUTIONS
Address: ODET , 29500 ERGUE-GABERIC
Number of employees: Entre 200 et 249 salariés (2020)
Capital: 116 652 264 EUR
Financial Data:
| Year | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|
| Turnover | 80 022 696 | 39 415 103 | 26 586 000 | 36 002 000 | 80 000 000 | 111 501 000 | 124 189 000 |
| Gross margin (€) | 26 169 015 | 4 162 900 | 13 290 000 | 26 205 000 | 37 547 000 | 47 191 000 | - |
| EBITDA (€) | -9 844 289 | -25 994 761 | -17 587 000 | -8 651 000 | 1 087 000 | 9 483 000 | - |
| Operating profit (€) | -42 385 523 | -37 878 493 | -28 612 000 | -18 990 000 | -10 137 000 | -1 964 000 | - |
| Net profit (€) | -31 828 474 | -39 088 100 | -16 209 000 | -12 033 000 | -3 000 000 | 7 897 000 | 5 151 000 |
| Turnover growth rate (%) | 103 | 48,3 | -26,2 | -55 | -28,2 | -10,2 | - |
| Ebitda margin rate (%) | -12,3 | -66 | -66,2 | -24 | 1,4 | 8,5 | - |
| Operating margin rate (%) | -53 | -96,1 | -107,6 | -52,7 | -12,7 | -1,8 | - |
| Working Capital (turnover days) | 123,8 | 439,8 | 1 119,8 | 972,8 | 469,1 | -4,2 | - |
| Working Capital requirements (turnover days) | 107,2 | 267,5 | 54,3 | 54,9 | 44,7 | 26,8 | - |
| Net margin (%) | -39,8 | -99,2 | -61 | -33,4 | -4,5 | 7,1 | - |
| Added value / Turnover (%) | 2,6 | -16,9 | 15 | 37,6 | 29,1 | 29,3 | - |
| Wages and social charges (€) | 18 110 062 | 17 911 843 | 19 760 000 | 19 844 000 | 19 621 000 | 19 988 000 | - |
| Salaries / Turnover (%) | 22,6 | 45,4 | 74,3 | 55,1 | 24,5 | 17,9 | - |
Company Managers:
| Position | First Name | Last Name | Age | |
|---|---|---|---|---|
| Président | Richard | BOUVERET | 53 |
Studies mentioning this company
The electric cars market - France
Other companies mentioned:
- Tesla
- Nissan
- BMW Mottorrad
- Hyundai Motors
- Toyota
- LG Chem
- Symbio
- Saft
- Forsee Power
- Blue Solutions (Bolloré Groupe)
- Volvo Polestar
- Polycrystal
- MG Motor France
- Audi (Volkswagen Group)
- KIA
- Mini (BMW)
- Lexus France
- Cupra (Seat group)
- Mazda
- Smart
- DS Automobiles (Stellantis)
- Abarth
- Aiways Automobile
- Fisker
- Jeep
- Chevrolet
- Aston Martin
- Cadillac
- Stellantis (Groupe PSA et Fiat)
- Renault Groupe
The battery market - France
Other companies mentioned:
- Tesla
- CATL
- LG Chem
- Theion
- Verkor
- Viridian Lithium
- Green Corp Konnection GCK
- Vulcan Energy
- Blue Solutions (Bolloré Groupe)
- Alteo
- Iten
- Panasonic
- Tiamat Energy
- Eramet
- Tyva Energie
- Li-Cycle
- Limatech
- Inocel
- Glencore
- Neogy (Startec Energy Groupe)
- GS Yuasa
- BYD
- Foresee Power
- Batteries Prod
- Vélo Batterie- Batteries Prod
- Toyota
- Stellantis (Groupe PSA et Fiat)
- Volkswagen Group
- Audi (Volkswagen Group)
- Tata Group
- Bolloré
- Mecaware
- Nawa Technologies
- BMW
- Samsung Group
- SK Group Korea
- Nissan
- Arkema groupe
- Mob-Energy
- Batconnect
- Hydrovolt
- Wattalps
- Vlad