One billion euros is a lot of cash, even for an automaker as successful and strong from a financial standpoint as Renault. As part of the Drive the Future strategy, the French automaker said that it’s investing more than that “to accelerate investments for the development and production of electric vehicles” in its domestic market.
Aiming to strengthen the industrial base in France, jumping on the EV bandwagon is the right thing to do. A considerable chunk of the one billion euros will go into the introduction of “a new Alliance electric platform” that will be manufactured in Douai. There, the company will open its second electric vehicle manufacturing site.
Regarding the assembly plant in Flins, Renault confirmed that it’s doubling production capacity of the Zoe subcompact hatchback. This decision comes as a result of an increase of 44 percent in registrations in 2017. The automaker’s growth in EV sales in Europe stands at 38 percent, boasting a 23.8-percent market share.
Over in Cleon, the company will “triple electric motor production capacities” and introduce “a new generation electric motor from 2021.” This news comes days after Renault updated the Zoe to R110 specification, improving the output to 109 PS.
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