Renault invests over $1 billion to accelerate electric vehicle production in France

With the success of the Zoe, Renault has become a leader in electric vehicles in Europe.

Now the French automaker wants to keep the momentum going with an investment of over 1 billion euros to accelerate electric vehicle production in France.

The new plan includes several initiatives.

Renault listed them in a press release today:

  • Introduce a new Alliance electric platform in Douai to create a second Renault electric vehicle production site;
  • Double ZOE production capacity and the launch of a new ZOE at Flins, the only ZOE production site in the world;
  • Triple electric motor production capacities at Cleon and introduce a new generation electric motor from 2021.
  • Invest 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 about the announcement:

“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.”

Read more: Electrek via Fuel Included News