Renault Invests Big Bucks ($1.16 Billion) To Drive Electric Car Production Up

JUN 15 2018 BY MARK KANE 9

Renault announced a major investment of €1 billion ($1.16 billion) to accelerate the development and production of electric vehicles in France.

The French manufacturer intends to introduce 8 all-electric and 12 electrified cars by 2022 and strengthen EV capabilities of its facilities in the home market.

The new plan includes four main points:

  • Introduce a new Alliance electric platform in Douai to create a second Renault electric vehicle production site;
  • Double ZOE production capacity and the launch of a new ZOE at Flins, the only ZOE production site in the world;
  • Triple electric motor production capacities at Cleon and introduce a new generation electric motor from 2021.
  • Invest in Maubeuge for the production of the next generation of the Kangoo family, including the electric utility vehicle Kangoo Z.E.

As we can see, besides the increase in production of ZOE, Renault will begin to produce new all-electric passenger cars in Douai. The new model or models are to be based on the joint platform of Renault-Nissan-Mitsubishi Alliance.

The positive is that in a few years, the next-generation Kangoo Z.E. will be introduced, and of course, the Cleon plant needs to triple electric motor output to handle all those cars (as well as demand from Daimler’s smart division, which is supplies with motors).

Info on the next-generation electric motor in 2021 hints at what we expect to be the new BEV on the joint Renault-Nissan-Mitsubishi Alliance platform.

Carlos Ghosn, Chairman and CEO of Renault, said:

“The acceleration of our investments in France for electric vehicles will increase the competitiveness and attractiveness of our French industrial sites. Within the framework of its Drive the Future strategic plan and with the Alliance, Groupe Renault is giving itself the means to maintain its leadership in the electric vehicle market and to continue to develop new sustainable mobility solutions for all”.

France becomes a centre of excellence for Renault’s electric vehicles within the Alliance

“In an electric vehicle market with strong potential, the Alliance is the world leader in electric vehicles and Groupe Renault is the leader in Europe. Renault posted 38% growth in electric vehicle sales in Europe, with a 44% increase in ZOE registrations and a 23.8% market share in 2017.

Renault previously announced that it plans to recruit 5,000 employees on permanent contracts in France between 2017 and 2019 and to spend 235 million euros on training over the same period. Focused on the future, Renault’s plants are adapting to meet the demands of their customers and the new challenges of the automotive sector.”

“Groupe Renault Strategic Plan – Drive The Future (2017-2022) – targets by the end of the plan:

– Turnover of more than 70 billion euros
– Group operating margin of more than 7%, representing an increase of more than 50% in value, with a floor of 5% over the life of the plan
– Positive cash flow each year
– 4.2 billion in Monozukuri savings over the life of the plan
– 18 billion euros of investment in research and development
– More than 5 million vehicles sold, doubling sales outside Europe
– Leadership on the electric vehicle: 8 electric models, 12 electrified models
– 100% of vehicles connected to key markets and 15 autonomous Renault vehicles”

Categories: Renault

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9 Comments on "Renault Invests Big Bucks ($1.16 Billion) To Drive Electric Car Production Up"

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Wish the Zoe would be brought to Canada.

It’s a nice car. Few weeks ago a drove it in a EVs event in my city.

When there’ll be a Megane Z.E. available with at least
– 70-80kWh battery (with nice guarranty)
– 100kW CCS
– 100kW motor
– 160km/h v_max
– a real tow-bar (not only for bicycles)
for an acceptable price?

notting

I’m holding my Megane II Break till a electric replacement appears with those specs

A problem with a Mégane ZE model is that it would compete with the Leaf; not sure what the best way is for Renault-Nissan to handle this.
At least a station-wagon and Scénic / Grand Scénic models would do well.

“compete with the Leaf”

Why would that be a problem? They already have many competing models in their ICE offerings. There is room enough for more than 1 model in a segment: different styling, different options, different specs.

As I said before, the future Zoe will be almost the same car as the future Nissan Leaf III. Maybe next year, we can see the new Zoe II.

Probably it will be based in the Eolab concept style.

Not in this gen. Because new Zoe will be a bigger car, with a compact car size. And there will be a new segment B car. The future Zoe, will use the same platform than future Leaf 3, the CMF-EV, and will reduce costs in 30%. Batteries will reduce another 30% and the new E-engine, a 20% plus.
Renault in its strategic plan until 2022 in the end of last year, announced 3 electric model renevued, and two new ev cars. That’s for Europe.
If the colaboration with Daimler Benz continues, sharing the fabrication and development of the Smart Forfour and Fortwo and the Renault Twingo, we can expect that if the Smart cars will be electric cars, The Twingo could be electric too. Renault wants to have 2 superselling EV cars in 2022. One is the future Zoe II. The other, maybe the Twingo, maybe a new “B” car. ¿Maybe a mini SUV?. Will see.
There are plans for Dacia electric cars too.
In China they want to launch 3 Ev’s and one in India, probably an electric Kwid. For China the Renault/Nissan CEO Carlos Ghosn, said that want to launch an EV under 8000 €.

What about greating battery hire contract. Two years waiting to get battery replace and nothing happens, paying 93€ every month. Now 50% capacity much below 75% granted by Overlease and Renault say there is no battery stock…and they dont know if will be.
Runaway Renault EV if you can.