France previously tried to convince Musk to build a European gigafactory in the country, but he chose Germany, his only European gigafactory so far
Asked by BFM TV about possible investments by Musk, Le Maire said only “all investments that are being made today are the result of months or even years of negotiations”.Over the last five years, Macron has invited top CEOs to the opulent Versailles Palace to try to secure billions in foreign investments.
He is also competing on a global stage for investment in green technology when the United States has become a magnet following the introduction of its Inflation Reduction Act. But Tesla has said that, while it has begun assembling batteries in Germany, it will focus cell production in the U.S. in light of IRA incentives, making it one of the first firms to declare a strategy shift prompted by the package.
France so far expects a total of 28 investment projects from companies ranging from U.S. pharmaceutical group Pfizer to Swedish furniture maker IKEA and investment bank Morgan Stanley. In total, the projects are expected to create 8,000 jobs.
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