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Renault has reached agreements with French and Chinese companies to supply batteries for electric vehicles.

Envision China is investing €2 billion near the ‘Renault ElectriCity' car hub to create 2,500 new jobs.

Renault announced on Monday that it has formed partnerships with China’s Envision AESC and France’s Verkor to manufacture electric car batteries in northern France. Carmakers around the world are racing to stay ahead of competitors in producing cleaner vehicles, a technological shift that has already prompted Volkswagen of Germany to build six battery cell plants of its own in Europe.

Renault made the announcement ahead of President Emanuel Macron’s visit to the Douai site in northern France, where Envision is investing up to €2 billion near the “Renault ElectriCity” electric car hub to create 2,500 new jobs by 2030.

Renault also announced the signing of a memorandum of understanding with the French start-up Verkor to co-develop and then manufacture high-performance batteries, with the goal of owning more than 20% of Vernor.

According to the statement, “the combination of these two partnerships with Renault ElectriCity will create nearly 4,500 direct jobs in France by 2030 while developing a robust battery manufacturing ecosystem in the heart of Europe.”

 

Envision AESC’s gigafactory in Douai having a capacity of 9 gigatonne-hours (GWh) in 2024 and a capacity of 24 GWh by 2030.

The Envision AESC gigafactory’s proximity to Renault ElectriCity production sites in Douai, Maubeuge, and Ruitz will result in the creation of 700 new jobs in the Hauts-de-France region. – Thomson Reuters