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.
German automaker BMW has recently revealed that the total number of company’s i3 electric cars sold in the UK has touched ‘10,000 units’ milestone.
According to an Automotive News report, German automaker BMW plans to discontinue its i3 all-electric compact car and i8 plug-in hybrid sports car ahead of introducing its next-generation electric vehicles (EVs).
According to a Reuters report, Germany’s new Finance Minister Olaf Scholz said in a recent interview with the Funke Mediengruppe newspaper chain that all possible measures should be taken by the country to avoid the imposition of ban on diesel car
According to a recently published Reuters report, German automaker BMW -- which sold more than 100,000 battery-electric and plug-in hybrid cars in 2017 -- does not plan to commence mass production of electric cars before 2020.
Chinese electric vehicle (EV) manufacturer Kandi has recently marked its official foray into the US market, with the launch of two new EVs --- the EX3 all-electric SUV, and the K22 subcompact electric car.
Electric vehicle manufacturer Tesla Motors has issued a voluntary recall of 123,000 units of its Model S electric cars, owing to a defect in a power steering bolt.