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TAIPEI, June 9 (Reuters) - Taiwanese electric vehicle battery maker ProLogium is working with the French government to determine the total amount of subsidies for its project in the north of France, Prologium's CEO said on Friday. Vincent Yang told reporters in Taipei that the parties were in the final phase of talks and that he expected a joint announcement by the end of this year. He also said there would be many sources of funding including loans, equity, and investment from automakers. Reporting by Faith Hung in Taipei; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.
Persons: Vincent Yang, Faith Hung, Christopher Cushing Organizations: Thomson Locations: TAIPEI, France, Taipei
"We'll make your life easier and help you set up shop here," he told ProLogium's Chief Executive Vincent Yang. It is one of four such gigafactories Macron hopes will transform the poor, former coal mining area near Belgium into a hub for the EV battery industry, creating jobs and helping to put France at the forefront of Europe's energy transition. "Results don't just fall from the sky," Macron told Reuters in Dunkirk. At the moment, however, France lags well behind Germany when it comes to attracting battery makers. Still, the IRA almost threw ProLogium's investment in France off course, one French presidential adviser told Reuters.
Persons: Emmanuel Macron, Vincent Yang, Ludovic Marin, Taiwan's ProLogium, Macron, Yang, ProLogium, we've, it's, ACC's, Heiner Heimes, Stellantis, Mercedes, Ola Kaellenius, Marc Mortureux, We're, GUY, Xavier Bertrand, ProLogium's Yang, Fabien Roussel, Leigh Thomas, Michel Rose, Silvia Aloisi, David Clarke Organizations: Business, EV, Macron, ACC, Mercedes, Reuters, RWTH Aachen University, Automotive Cells Company, Franco, Benz Group, EU, PFA French, U.S . IRA, French Communist Party, Thomson Locations: of Versailles, Paris, France, Versailles, Dunkirk, Germany, Netherlands, Taiwan, Belgium, EUROPE, Korean, United States, Europe, French, Hungary, Italy, Brussels, Washington
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