Battery maker ProLogium aims to put down roots outside of its home of Taiwan with a major new investment in France and wants to float on the stock market to help fund its expansion, executives said.
have taken stakes in the company and clients testing its technology were welcome to do the same, Executive Vice-President Gilles Normand said.
The French investment is about more than just building an overseas production hub as ProLogium is also setting up facilities outside Taiwan for procuring materials as well as research and development activities, Normand said. The French plant, which is due to begin operating by the end of 2026 and reach mass production the following year, will in particular produce new solid-state batteries offering what the company says are big advantages over lithium-ion batteries currently used in most electric cars.
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