Renault to invest over 1 billion Euros to accelerate EV production in France
On Thursday, French automaker Renault announced that it has earmarked an amount of more than 1 billion euros ($1.2 billion) for investment in its home country, with the objective of accelerating the production of electric vehicles (EVs).
The EV investment announced by Renault apparently marks an attempt by the automaker to keep its momentum going in terms of EV production. Renault has already emerged as a leading manufacturer of EVs in Europe, thanks to the success of its ZOE battery-powered subcompact car.
In announcing the new investment for increasing EV production capacity in France, Renault has revealed in a press release that its investment plan includes a number of initiatives.
Sharing further details about the initiatives which will be part of the new investment plan, Renault said that the maximum output at the ZOE production line in Flins, west of Paris, will be increased by two-fold with the EV’s next upgrade. Moreover, the automaker’s manufacturing facility in northern Douai will be tooled up for the purpose of producing EVs on a new architecture shared with Nissan, Renault’s affiliate in Japan.
Renault has further revealed that electric motor production capacity at the Cleon plant will be tripled; and a tooling investment will be made in Maubeuge in eastern France for the production of the company’s next Kangoo van, including its electrified version.
In coincidence with its release of financial results for the 2018 second- quarter, electric vehicle maker Tesla Motors has also shared the latest update on the production of its Model 3 electric car.
In a recent comment, Tesla CEO Elon Musk has revealed that the automaker has pushed the international expansion of its Model 3 electric car in Europe and Asia to early- and mid-2019.
According to EV magazine Electrek report, US electric vehicle maker Tesla has hired Swedish automaker Volvo’s Senior Exterior Designer Ian Kettle, in a new role at the Tesla Design Studio in Los Angeles.
Taiwanese motorcycle and scooter company KYMCO has recently marked its foray into the electric scooter arena, with the unveiling of its two new electric scooter lines.
On Tuesday, ride-hailing giant Uber announced the launch of a new pilot program, under which the company will provide cash incentives to some drivers who switch to electric or hybrid vehicles.
In a recent announcement, parcel delivery company UPS has revealed that it has partnered with startup Thor Trucks for manufacturing a new electric truck.