The EV Charging Business of Utility Giant Engie Is Bleeding Cash

EV Box, the electric vehicle charging business of French utility giant Engie, booked another loss for the first quarter of this year, following a loss for full-year 2023, and is expected to record a loss in 2025, too, executives said on Friday.   Engie reported on Friday lower group pre-tax earnings for the first quarter, due to a decline in natural gas prices and consumption. Excluding nuclear, Engie’s earnings before interest and tax (EBIT) fell by 3.7% in the first quarter compared to the same period of 2023. Q1 2024 was…