PARIS : Battery maker ProLogium aims to put down roots outside of its home of Taiwan with a major new investment in France and wants to float on the stock market to help fund its expansion, executives said.The privately held car battery maker will invest 5.2 billion euros ($5.7 billion) by 2030 in a new g
PARIS : Battery maker ProLogium aims to put down roots outside of its home of Taiwan with a major new investment in France and wants to float on the stock market to help fund its expansion, executives said.
"Because of political issues, our board does not want to enlarge too much capacity there ," founder and Chief Executive Vincent Yang told journalists as he announced the investment in France.The company is lining up loans and equity to finance the French plant as well as financial incentives from the French government, the region and city of Dunkirk as well as possible EU funds.
The French investment is about more than just building an overseas production hub as ProLogium is also setting up facilities outside Taiwan for procuring materials as well as research and development activities, Normand said.
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