Renault Plans 10B Euro Investment in French EVs
Renault Group CEO François Provost announced plans to invest over 10 billion euros in France over the next five years. The funding will support electric vehicles and affordable car production. French manufacturing is projected to grow significantly in 2026.
Xurve View
Insights:
Xurve View
RENAULT SA will invest over €10B ($11B) in France over the next five years to build electric vehicles and affordable cars, Chief Executive François Provost said on a Saturday morning broadcast. The fresh capital follows a €13B industrial overhaul completed over the prior five years. EV adoption in France reached a record 42% of new car registrations in September, driven by higher fuel prices.
