Prologium in talks with France to set subsidies for $5.7 billion battery factory

FILE PHOTO: France's President Emmanuel Macron speaks with ProLogium's CEO Vincent Yang during a meeting as part of the 5th edition of the "Choose France" Business Summit, at the Palace of Versailles, southwest of Paris, France, July 11, 2022. Ludovic Marin/Pool via REUTERS

TAIPEI (Reuters) -Taiwan electric vehicle battery maker ProLogium is working with the French government to secure subsidies for a 5.2 billion euro ($5.7 billion) battery factory it is going to build in the north of France, Prologium's CEO said on Friday.

Vincent Yang told reporters in Taipei the parties were in the final phase of talks and that he expected a joint announcement by the end of this year.