Renault Invests over $1 Billion Euros to Accelerate EV Production

Renault will commit 1 billion euros to four factories in northern France in a bid to solidify its leadership in the growing electric car market.

Earlier this year, Renault upgraded the Zoe with a more powerful electric motor and the vehicle has continued to sell well in France and a few other European markets.

Renault says that it posted “38% growth in electric vehicle sales in Europe, with a 44% increase in ZOE registrations and a 23.8% market share in 2017.”

Other EVs should soon join the Zoe in the lineup. The Renault, Nissan & Mitsubishi alliance announced that it will launch 12 new all-electric vehicles within the next 5 years.

They are now working on the supply chain and production facilities to produce those vehicles.

Renault listed its new initiatives in a press release this week, namely:
  • 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.

[Fred Lambert - Electrek - 14 June 2018]

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