Renault to invest more than €1bn in France for EVs
France is to become a centre of excellence for Renault’s electric vehicles with an investment of more than €1bn in development and production.
The move will see the introduction of a new Alliance electric platform at Renault’s Doaui site while production of the Renault Zoe will be doubled at the Flins plant.
Meanwhile the Cleon site will see a tripling of electric motor production capacity and introduction of the new-generation electric motor.
The plans will also drive investments for the next-generation of Kangoo commercial vehicles, including Kangoo Z.E., at Maubeuge.
Carlos Ghosn, chairman and CEO of Renault, said: “The acceleration of our investments in France for electric vehicles will increase the competitiveness and attractiveness of our French industrial sites. Within the framework of its Drive the Future strategic plan and with the Alliance, Groupe Renault is giving itself the means to maintain its leadership in the electric vehicle market and to continue to develop new sustainable mobility solutions for all.”For more of the latest industry news, click here.