PARIS (Reuters) – German aerospace company Lilium and Swiss nickel refinery company KL1 will set up new sites in France, representing a joint investment of 700 million euros, French Finance Minister Bruno Le Maire said on Sunday.
Lilium will invest 400 million euros in a new factory that will create up to 850 new jobs. KL1’s new branch in Blanquefort, near Bordeaux, will require an investment of 300 million euros, creating 200 new jobs, Le Maire said.
The precise location of the new Lilium factory, a factory that will help produce electric jet aircraft, has yet to be determined, although it will be in the Nouvelle Aquitaine region.
The deals come as President Emmanuel Macron prepared to kick off the annual ‘Choose France’ business summit aimed at attracting foreign investment into the country.
“Choose France brings in capital, Choose France brings in new technologies, Choose France helps us close gaps in certain value chains,” said Le Maire.
($1 = 0.9286 euros)
