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Renault Signs Electric Car Battery Deals With Envision, Verkor: Report

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  • That Renault also said it signed a memorandum of understanding with the French start-up Verkor to co-develop and then manufacture high-performance batteries
  • Combination of these two partnerships with Renault ElectriCity will create nearly 4,500 direct jobs in France by 2030
partnership
Pic Source – Wallpaper Flare

As per a report by Reuters, Renault said that it has entered partnerships with China’s Envision AESC and France’s Verkor to produce electric car batteries in northern France. It added that Renault made the announcement, which confirmed earlier media reports, before a visit of President Emanuel Macron to the Douai site in northern France where Envision is investing up to 2 billion euros ($2.4 billion) close to “Renault ElectriCity” electric car hub to create 2,500 new jobs by 2030.

Create nearly 4,500 direct jobs in France by 2030

The report said that Renault also said it signed a memorandum of understanding with the French start-up Verkor to co-develop and then manufacture high-performance batteries, with a view to owning a more than 20 per cent stake in Verkor. The statement added that 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.

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Envision AESC’s gigafactory in Douai will have a capacity of 9-gigawatt hours (GWh) in 2024 and with aim of reaching 24 GWh by 2030. The proximity of the Envision AESC’s gigafactory to Renault ElectriCity production sites at Douai, Maubeuge and Ruitz, will create 700 additional jobs in the Hauts-de-France region.

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