{"id":85780,"date":"2023-08-04T02:00:01","date_gmt":"2023-08-03T21:00:01","guid":{"rendered":"https:\/\/pni.net.pk\/en\/?p=85780"},"modified":"2023-08-04T01:48:14","modified_gmt":"2023-08-03T20:48:14","slug":"france-to-grant-1-5-bn-euros-for-taiwanese-ev-battery-factory","status":"publish","type":"post","link":"https:\/\/pni.net.pk\/en\/latest-business-news\/france-to-grant-1-5-bn-euros-for-taiwanese-ev-battery-factory\/","title":{"rendered":"France to grant 1.5 bn euros for Taiwanese EV battery factory"},"content":{"rendered":"<p>Paris, Aug 3 (AFP\/APP): France said Thursday it had received EU authorisation to provide 1.5 billion euros ($1.6 billion) in subsidies for Taiwan&#8217;s ProLogium to build its first European electric vehicle battery factory in Dunkirk.<\/p>\n<p>The project calls for 5.2 billion euros in total investments to build a factory to produce solid-state electric batteries starting in 2026. The factory is expected to employ 3,000 people directly and support another 12,000 in the region.<\/p>\n<p>&#8220;It is an aid for investment which will allow us to strengthen our research and innovation efforts,&#8221; ProLogium Europe President Gilles Normand told AFP.<\/p>\n<p>The French economy ministry said &#8220;this investment shows the success of the strategy for France to catch up in batteries: this factory will produce one of the most technologically advanced batteries in the world.&#8221;<\/p>\n<p>The French government has set a target of producing two million electric vehicles per year by 2030, and Europe overall is seeking to boost domestic production of the key component of electric vehicles.<\/p>\n<p>France&#8217;s first electric vehicle battery factory opened in May. Including the ProLogium there are currently plans to build another three in the northern French region.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paris, Aug 3 (AFP\/APP): France said Thursday it had received EU authorisation to provide 1.5 billion euros ($1.6 billion) in subsidies for Taiwan&#8217;s ProLogium to build its first European electric vehicle battery factory in Dunkirk. The project calls for 5.2 billion euros in total investments [&#8230;]<\/p>\n<p>\n","protected":false},"author":2,"featured_media":85782,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-85780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>France to grant 1.5 bn euros for Taiwanese EV battery factory<\/title>\n<meta name=\"description\" content=\"France to grant 1.5 bn euros for Taiwanese EV battery factory\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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