The China Mail - Musk says considering 'significant investments in France'

USD -
AED 3.672497
AFN 64.999819
ALL 81.216919
AMD 362.051328
ANG 1.789785
AOA 917.00025
ARS 1515.25437
AUD 1.437426
AWG 1.80125
AZN 1.697326
BAM 1.739803
BBD 2.01708
BDT 123.195303
BGN 1.747831
BHD 0.378775
BIF 2997.464751
BMD 1
BND 1.281146
BOB 11.69239
BRL 5.065101
BSD 1.001468
BTN 95.050483
BWP 13.720589
BYN 3.015879
BYR 19600
BZD 2.014233
CAD 1.414935
CDF 2313.499181
CHF 0.825932
CLF 0.024881
CLP 979.255437
CNY 6.691203
CNH 6.685309
COP 3173.953654
CRC 455.099408
CUC 1
CUP 24.035938
CVE 98.087444
CZK 21.685496
DJF 178.33919
DKK 6.651198
DOP 61.433083
DZD 133.824668
EGP 53.529689
ERN 15
ETB 163.585998
EUR 0.889897
FJD 2.26765
FKP 0.750253
GBP 0.752078
GEL 2.590432
GGP 0.750253
GHS 11.695058
GIP 0.750253
GMD 73.49623
GNF 8810.21216
GTQ 7.652004
GYD 209.527198
HKD 7.84815
HNL 26.885202
HRK 6.703803
HTG 131.147978
HUF 323.552009
IDR 18053
ILS 3.09465
IMP 0.750253
INR 94.965504
IQD 1518.213762
IRR 1795877.497557
ISK 121.179576
JEP 0.750253
JMD 159.195837
JOD 0.709012
JPY 158.015022
KES 130.098296
KGS 87.449938
KHR 4070.631144
KMF 439.999825
KPW 899.999961
KRW 1334.740045
KWD 0.31082
KYD 0.834586
KZT 453.195748
LAK 22534.359294
LBP 89683.40524
LKR 331.690611
LRD 170.751234
LSL 16.462394
LTL 2.95274
LVL 0.60489
LYD 6.431526
MAD 9.729662
MDL 17.966464
MGA 4507.405595
MKD 54.836988
MMK 2100.071343
MNT 3596.488264
MOP 8.096339
MRU 40.037362
MUR 47.229488
MVR 15.459712
MWK 1736.600987
MXN 18.472997
MYR 4.083203
MZN 63.902819
NAD 16.462394
NGN 1331.2103
NIO 36.854512
NOK 9.427699
NPR 152.081128
NZD 1.770298
OMR 0.382413
PAB 1.001468
PEN 3.444825
PGK 4.547436
PHP 62.985976
PKR 277.237468
PLN 3.894835
PYG 5719.877241
QAR 3.660721
RON 4.7306
RSD 104.461148
RUB 84.13468
RWF 1478.183516
SAR 3.752837
SBD 8.064647
SCR 13.905529
SDG 601.496371
SEK 9.912398
SGD 1.282096
SHP 0.754745
SLE 24.680036
SLL 20969.504398
SOS 572.343548
SRD 37.794503
STD 20697.981008
STN 21.794245
SVC 8.763065
SYP 13001.999685
SZL 16.455989
THB 33.444972
TJS 9.228751
TMT 3.51
TND 2.98768
TOP 2.40776
TRY 49.513801
TTD 6.798915
TWD 32.453598
TZS 2646.44398
UAH 44.920874
UGX 4136.458658
UYU 40.314905
UZS 12073.121914
VES 878.910597
VND 25894.5
VUV 119.385856
WST 2.787824
XAF 583.73441
XAG 0.017551
XAU 0.000240063761
XCD 2.70255
XCG 1.804919
XDR 0.707052
XOF 583.73441
XPF 106.089045
YER 236.150057
ZAR 16.50875
ZMK 9001.193843
ZMW 20.049815
ZWL 321.999592
SSP 5750.775019
MXV 2.085785
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Musk says considering 'significant investments in France'

Musk says considering 'significant investments in France'

Billionaire businessman Elon Musk on Monday said he was considering "significant investments in France" as he visited the country for a summit aimed at attracting foreign business leaders.

Text size:

The world's second richest man, who is the chief executive of electric car firm Tesla, social media company Twitter and cosmic exploration outfit SpaceX, made the comments after meeting President Emmanuel Macron and Economy Minister Bruno Le Maire.

"I'm very impressed with President Macron and the French government and how welcoming they are to industry," the 51-year-old South African said.

"I'm confident that in the future Tesla will be making significant investments in France."

Le Maire said France would "continue discussions" with the businessman, but refused to share any further details.

Macron and Musk earlier met at the Elysee Palace before heading to Versailles for the latest edition of the president's Choose France conference where Macron seeks to drum up investment in the country.

"We talked about the attractiveness of France and the significant progress in the electric vehicle and energy sectors," Macron wrote on Twitter afterwards.

"We have so much to do together," he added.

Musk smiled and waved at reporters as the meeting got under way but made no comment.

Finance Minister Bruno Le Maire told the BFMTV broadcaster that "negotiations are ongoing" with the magnate.

Le Maire gave no details of Monday's talks with Musk, saying simply that "all of today's investments are the fruit of months or even years of negotiations".

- 'Choose France' -

Macron said in another tweet that some 13 billion euros of investment would be announced at the summit, equating to the creation of some 8,000 jobs.

"When a foreign investor chooses France, it's good for jobs and for our regions," he said.

Some 200 foreign business bosses are expected at the summit, including Sunil Bharti Mittal of Indian conglomerate Bharti Entreprises, ArcelorMittal chief Lakhsmi Mittal and Nokia chief executive Pekka Lundmark.

The meeting is being hosted at the Palace of Versailles, the former residence of France's monarchs, around which a tight security perimeter has been erected.

Macron remains the target of angry protests after signing into law his controversial pension reform last month, leading to new accusations from the opposition he was only a president for the rich.

Already confirmed last week was the investment of over five billion euros by Taiwanese battery maker ProLogium in building a new factory in northern France for its first European plant.

Among other projects, the Swedish furniture giant Ikea is announcing over 900 million euros of investment in France by 2026, including the creation of a logistics centre near Toulouse.

In pharmaceuticals, Pfizer is injecting an additional 500 million euros and Britain's GSK nearly 400 million in France

During a US trip in December, Macron held an unannounced face-to-face meeting with Musk, saying later the two had had a "clear and honest" discussion during an hour-long meeting, including on electric cars and batteries.

He had also conveyed to Musk his -- and Europe's -- concerns about content moderation on Twitter since Musk bought the influential platform.

Macron confirmed the pair "also talked about digital regulation" in their Paris meeting.

H.Ng--ThChM