Chinese electric vehicle giant BYD and its peers have received a warm welcome from France as French finance minister Bruno Le Maire said on Monday the government is open to the possibility of the companies establishing their factories in the country. “France welcomes all industrial projects. BYD and the Chinese auto industry are very welcome in France,” Le Maire said at a meeting with a group of automotive business leaders in Paris on the sidelines of a two-day state visit by Chinese President Xi Jinping. “China’s new energy industry has made real progress in open competition and represents advanced production capacity. It not only increases global supply and alleviates the pressure of global inflation, but also contributes significantly to global climate response and green transition,” said Xi.