Renault is set to commit over €10 billion to expand its electric vehicle production in France, marking a major push into the fast-growing EV market. The investment will focus on modernizing existing facilities and establishing new manufacturing hubs to meet rising global demand. Industry analysts suggest the move reflects both regulatory pressures and shifting consumer preferences toward sustainable transportation. With France aiming to phase out internal combustion engines by 2040, the automaker’s strategy aligns with broader European climate goals.
Renault to invest more than €10bn in French electric vehicles Sowetan
