PARIS (Reuters) - France will invest 700 million euros ($790 million) over the next five years into projects to boost the European electric car battery industry and reduce its carmakers’ reliance on dominant Asian rivals, said French presidency officials.
Advisers to French President Emmanuel Macron said he is set to make the announcement Wednesday night at a dinner of international carmakers representatives in Paris gathering for the centenary of the International Organization of Motor Vehicle Manufacturers.
They were speaking anonymously ahead of the president's speech.
The German government announced last November that it has set aside around 1 billion euros ($1.1 billion) to support battery cell production
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