The French government will provide about EUR1.5 billion (US$1.7 billion) in subsidies to support Taiwanese startup ProLogium Technology’s new factory construction in France. According to Nikkei, this move signals France’s accelerated efforts to attract electric vehicle (EV) battery manufacturers and marks a shift from its previous “self-reliance” industrial policy focused on EU-based companies.
France backs Taiwan’s ProLogium with EUR1.5B subsidy to build solid-state battery factory
02
Apr