France is rolling out the red carpet to EV battery makers, offering generous subsidies thanks to a relaxation of EU state aid rules for green energy projects - along with some personal lobbying by President Emmanuel Macron
"Results don't just fall from the sky," Macron told Reuters in Dunkirk. "It's in line with what we've been doing for six years. France is adapting to the world."Automakers are racing to stay ahead of rivals by producing cleaner vehicles, securing greater control over their supply chains and bringing plants making EV batteries - an industry dominated by Chinese, South Korean and Japanese firms - closer to their manufacturing sites.that the $430 billion U.S.
"The president fights for Europe whenever possible. But it's also a race within Europe," said a French diplomat familiar with Macron's thinking who declined to be named. To bag the ProLogium solid-state battery plant, which is expected to involve a total investment of 5.2 billion euros and create 3,000 jobs over time, France offered incentives worth more than 1 billion euros , one source with knowledge of the deal told Reuters.
- France provided about 840 million euros in subsidies, including funds for research and development, according to the finance ministry.
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