Groupe Renault to invest €1bn in EV development in France
Groupe Renault is investing one billion euros into the development and production of electric vehicles in France.
The plans include a new Alliance electric platform in Douai to create a second Renault electric vehicle production site, as well as doubling the ZOE production capacity at Flins, the only ZOE production site in the world.
The investment will also see electric motor production capacities at Cleon triple as well as the introduction of a new generation electric motor from 2021.
There will also be investment in Maubeuge for the production of the next generation of the Kangoo family, including the electric utility vehicle Kangoo Z.E.
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.”