Nissan Max-Out Convertible Concept Unveiled At Nissan Futures Event

More

Mercedes-Benz GLE Gets New PHEV Powertrain, Fresh Look

More

2024 Mazda CX-90 Plug-in Hybrid SUV Unveiled

More

Audi Activesphere Concept is luxury crossover that turns into a pickup

More

Truemag

  • Electric Car News
  • Electric Car Reviews
  • Plug-in Hybrids
  • Technology
  • Home
  • About Us
  • Privacy Policy
  • Advertise
  • Charging Map

Renault to invest more than €1 billion in French electric vehicle plants

Groupe Renault is accelerating the deployment of its Drive The Future strategic plan with an investment of more than one billion euros for the development and production of electric vehicles in France.

With the aim of strengthening the leadership of its French industrial base in the growing electric vehicle market, Groupe Renault plans to:

– 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: “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”.

In an electric vehicle market with strong potential, the Alliance is the world leader in electric vehicles and Groupe Renault is the leader in Europe. Renault posted 38 per cent growth in electric vehicle sales in Europe, with a 44 per cent increase in ZOE registrations and a 23.8 per cent market share in 2017.

Renault previously announced that it plans to recruit 5,000 employees on permanent contracts in France between 2017 and 2019 and to spend 235 million euros on training over the same period. Focused on the future, Renault’s plants are adapting to meet the demands of their customers and the new challenges of the automotive sector. The Group intends to continue the modernisation and digitalisation of its French industrial network to ensure a high level of activity at its sities.


Groupe Renault Strategic Plan – Drive The Future (2017-2022) – targets by the end of the plan:

– Turnover of more than 70 billion euros

– Group operating margin of more than 7 per cent, representing an increase of more than 50 per cent in value, with a floor of 5 per cent over the life of the plan

– Positive cash flow each year

4.2 billion in Monozukuri savings over the life of the plan

– 18 billion euros of investment in research and development

– More than 5 million vehicles sold, doubling sales outside Europe

– Leadership on the electric vehicle: 8 electric models, 12 electrified models

– 100 per cent of vehicles connected to key markets and 15 autonomous Renault vehicles

Jun 14, 2018Blagojce Krivevski
Washington State Has the Greatest Fuel Cost Savings for an Electric Vehicle Versus a Gasoline VehicleDrive system for the BMW i8 wins International Engine of the Year Award for the fourth time
You Might Also Like
 
Lambeth Council adds the all-electric Renault Kangoo E-Tech to its landscape divisions fleet
 
Renault Kangoo Van Z.E.33 Outperforms Expectations At The MPG Marathon
Blagojce Krivevski

Blagojce Krivevski is physicist and green technology lover. Keep in touch with Blagojce through his email, web site, Twitter, Linkedin, Facebook and Google+.

June 14, 2018 Electric Car NewsFrance, Renault, Renault Electric Vehicles
Follow Us
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
Recent News
Volvo Cars reports January sales – 40.7% market share of electrified cars
February 3, 2023
Polestar and Luminar expand partnership to include Polestar 5
February 3, 2023
XPENG Launches G9 SUV And P7 Sedan For Europe
February 3, 2023
Volkswagen launches ID.4 campaign in collaboration with Marvel Studios’ Ant-Man and The Wasp: Quantumania
February 3, 2023
Honda to launch next-generation fuel cell system by mid-2020s
February 2, 2023
About
ElectricCarsReport.com ElectricCarsReport.com is a website dedicated to pure electric vehicles and the full range of consumer information and tools about electric cars, green technology energy, and the environment.
Latest News
Volvo Cars reports January sales – 40.7% market share of electrified cars
February 3, 2023
Polestar and Luminar expand partnership to include Polestar 5
February 3, 2023
XPENG Launches G9 SUV And P7 Sedan For Europe
February 3, 2023
Subscribe

Sign up for our newsletter to receive the latest news and event postings.

Get in touch

Email: [email protected]

Archives
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
DMCA.com
© ElectricCarsReport.com | All Rights Reserved.