PARIS - For French President Emmanuel Macron, it was a light-bulb moment.In an ornate ballroom at the Palace of Versailles last July, the head of Taiwan's ProLogium took out a pair of scissors and cut one of its solid-state batteries the size of a credit card in half. The small bulb it was powering contin
In an ornate ballroom at the Palace of Versailles last July, the head of Taiwan's ProLogium took out a pair of scissors and cut one of its solid-state batteries the size of a credit card in half. The small bulb it was powering continued to shine.
The people said changes since Macron became president in 2017, such as cuts in corporate tax, measures to make hiring and firing easier, and reductions in a production tax based on the size of factories, also played a role in the decisions. That's why France is presenting the conversion of its once-industrialised north into a gigafactory hub as a victory for European economic and manufacturing sovereignty in the face of stiff U.S. and Chinese competition.
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. Ola Kaellenius, chief executive of Mercedes-Benz Group, said it was taking a region by region approach to ensure EV batteries were made near its auto manufacturing plants around the world - so having gigafactories in Europe was inevitable.
"The usual level of support to major industrial companies is around 10 to 15 per cent. Here, it's higher than usual," said Marc Mortureux, the head of the PFA French car lobby."We're now at support levels in line with those of the U.S. IRA.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Last 'French' player Svitolina soaks up Roland Garros lovePARIS : Ukrainian Elina Svitolina's felt the love from the French Open crowd that included her husband and local favourite Gael Monfils after returning to the quarter-finals on Sunday and declared that she was the last French player standing in Paris.French presence in both singles' draws ended on Thursda
Read more »
Messi to leave PSG at end of season after two years at the clubPARIS : Lionel Messi will leave Paris St Germain at the end of season after two years at the Ligue 1 club, Paris St Germain said on Saturday. PSG host Clermont in the final round of Ligue 1 later on Saturday.'After two seasons in the French capital, Leo Messi’s adventure with Paris St Germain wil
Read more »
Messi to leave PSG at end of season after 2 years at the clubPARIS - Lionel Messi will leave Paris St Germain at the end of season after two years at the Ligue 1 club, Paris St Germain said on Saturday (June 3). PSG host Clermont in the final round of Ligue 1 later on Saturday. 'After two seasons in the French capital, Leo Messi's adventure with Paris St Germain will come to...
Read more »
'Best decision I made in my life': Woman outlines benefits of living and working abroad in FranceWhen thinking of France, the first thing most people would think of typically would be its capital Paris. However, it would be an injustice not to experience the rest of the culture-rich country too. For Lemon8 user Sg.girlinfrance, she moved to France from Singapore with the desire to immerse herself in the French culture. Choosing to continue working in the...
Read more »
Lionel Messi to leave PSG at end of season after two years at the clubPARIS - Lionel Messi will leave Paris St Germain at the end of season after two years at the Ligue 1 club, Paris St Germain said on Saturday. PSG host Clermont in the final round of Ligue 1 later on Saturday. “After two seasons in the French capital, Leo...
Read more »
French Open day sevenPARIS : Highlights of the seventh day at the French Open on Saturday (times GMT):0907 PLAY UNDER WAYPlay began under bright sunshine at Roland Garros, with the temperature hovering around 19 degrees Celsius (66°F). Fourth seed Casper Ruud faces Zhang Zhizhen in the opening third-round match of the
Read more »