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August 8, 2023

Why ProLogium’s gigafactory is in Europe, not the US

ProLogium decided to build its €5.2bn solid-state battery factory in France after negotiating French government and European Commission support for R&D (Photo: Adrienne Surprenant/Bloomberg)
ProLogium decided to build its €5.2bn solid-state battery factory in France after negotiating French government and European Commission support for R&D (Photo: Adrienne Surprenant/Bloomberg)

Europe chief Gilles Normand explains why the region proved a greater draw than the US Inflation Reduction Act for the Taiwanese battery company. As the one-year anniversary of the US’s landmark Inflation Reduction Act nears, it is clear that the $396bn-worth of green tax credits, grants and loans it made...

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