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.
South Korean automaker Hyundai recently introduced its Nexo FCEV at the 2018 CES event. The car marked the next generation of hydrogen fuel cell cars, as it boasts some significant improvements over the old Tucson FCEV.
German automaker Audi’s forthcoming e-tron electric SUV will apparently be the first production car to have cameras in place of exterior rearview mirrors.
Shenzhen-based BYD Auto has signed an agreement with Philippines-based Columbian Motors Corporation (CMC) for export of electric buses and trucks.
Chinese automaker BYD has recently indicated its support of global standards for charging plug-in vehicles with a noteworthy move --- the company has joined the Charging Interface Initiative (CharIN).
With German automaker Audi’s electric vehicle (EV) efforts now underway, as is evident from an early peek at its first mass-produced electric car -- the ‘e-tron quattro SUV’ -- in Berlin recently, a Digital Trends report has revealed that the auto
According to recent media reports from Norway, the cost of the 64kWh Hyundai Kona EV in the country will be 325.900 kr.