Companies from the Indo-Pacific region have unveiled their investment projects in France for the 2023 edition of “Choose France.”
Since 2018, the annual summit “Choose France” has brought together leaders of major foreign companies interested in establishing a presence in France. Each edition reveals new major projects.
In 2022, France was the top destination in Europe for foreign investments, surpassing both the United Kingdom and Germany. These investments are primarily made by European or North American companies, but new firms from the Indo-Pacific region are discovering the French market.
This year, nearly 13 billion euros of investments have been announced, and several projects will be carried out by companies from the Indo-Pacific.
Taiwanese company ProLogium, for example, will invest 5.2 billion euros in a gigafactory in Dunkirk, in the Hauts-de-France region, to produce batteries. The site could employ up to 3,000 employees. ProLogium will benefit from several subsidies to finance its project, but it is primarily the maturity of the French electric vehicle market, as well as the presence of three other gigafactories, that convinced the Taiwanese company to establish its first European factory in Dunkirk.
Also in the Hauts-de-France region, French company Orano will join forces with the Chinese company XTC to open a battery component factory, representing an investment of 1.7 billion euros. This site could also enable battery recycling.
Events like “Choose France” increase France’s international visibility and attract new investors, especially from the Indo-Pacific, to jointly develop innovative technologies.