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Renault Will Spend €1 Billion on EV Capacity in France
Renault SA says it will invest more than €1 billion ($1.2 billion) to expand production capacity for electric vehicles at four factories in France.
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Renault SA says it will invest more than €1 billion ($1.2 billion) to expand production capacity for electric vehicles at four factories in France.
The company did not provide details about volume or timing for the projects, which will:
- Add a second production line in Douai for a new EV platform that will be shared with Renault’s Nissan and perhaps Mitsubishi Motors alliance partners
- Double capacity at Flins to make Zoe urban minicars
- Retool Maubeuge to make next-generation Kangoo vans, including the Kangoo Z.E. electric model
- Triple capacity at Cleon to make electric propulsion motors and launch a next-generation motor design in 2021
By 2022 Renault expects to offer eight all-electric models and 12 plug-in hybrid vehicles.
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