How Chinese Investment In France Could Create 1,000 New Jobs?

Officially, the first that France and China established any form of diplomatic relations was back in 1964. To be precise, the establishment of diplomatic ties was exactly on January 27, 1964 with France recognising the “People’s Republic Of China!”

But this partnership was to grow and prosper reaching a significant step four decades later. And by 2004, the ties between France and China would elevate to the level of a ‘global strategic partnership.’ This would foster increased business ties, which would only increase in scale and numbers in the years to follow.

As a matter of fact, even to this date, in the COVID 19 era, China exports huge quantities of machinery and electronic equipment, prefabricated building material, lighting material, textiles and other important articles to the strong Western power. Moreover, tourism is a huge draw between the two countries, with France being the number 1 destination for Chinese tourists in the entirety of Europe.

That being said, there is something spectacular that China and France’ ties hold in the imminent future. As a matter of fact, both countries are strongly focused on one particular sector that holds the key where urban transport and commuting in this part of the 21st century is concerned. So what is it?

China and France are hugely involved in shaping the dynamics of car batteries, inveterate in the running and operations of electric cars.

That being said, in the immediate future, China is all set to invest in France to an extent that it can create no fewer than 1,000 new jobs. All of this, it is being said, will be achieved by investing big in an electric car battery plant.

Needless to say, that the battery manufacturing and development is the nucleus of the electric cars or EVs, as they say and where China is concerned, then the country has already gone on to flex its muscles in the domain that finds interest from the entire world as of today.

News network CGTN published insightful information on a piece of development that could see both nations working closely in an area that is set to change the dynamics of modern urban transport:

An electric car battery plant planned by China’s Envision AESC in northern France, described as a boost to an auto industry in upheaval as some traditional jobs have been lost, will create at least 1,000 new job positions, a French politician said on Friday.

Carmakers globally are racing to keep ahead of rivals in producing cleaner vehicles, a technology shift that will prompt Germany’s Volkswagen for example to build six battery cell plants of its own in Europe.

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Xavier Bertrand, from the opposition Les Republicains party and who is running for re-election as head of France’s Hauts-de-France region, confirmed Envision’s investment in the French factory, AFP reported.

Two sources close to the matter told Reuters this week that Renault had picked Envision to make batteries for its future electric vehicles, including the Renault 5 model.

To conclude, what’s important is to note is that where the electric car companies in China are concerned, then through brands like BYD (Build Your Dreams), NIO, the Asian economic powerhouse has already created a venerable reputation in the world and besides America’s Tesla, is frankly a giant in the realm of electric vehicles. But when and how can the other nations catch up in this massive business sphere?