Renault invests billions in electric cars “Made in France”
Image: Renault
Renault plans to invest many billions of euros in France over the next five years. The company’s CEO, François Provost, identified electric mobility and more affordable vehicles as key focuses of the program. This new round of investment builds on the approximately 13 billion euros Renault has invested in France since 2021, according to the company, to adapt factories and supply chains for electric vehicles.
The investments are part of the “futuREady” strategy plan unveiled in March 2026. The billions-investment mentioned by Provost refers to the next five years. The CEO cited stable social and political conditions as a prerequisite for these investments.
France is already the hub for a large portion of Renault’s European electric vehicle activities. According to the company, over one million of its electric vehicles have been produced there since 2010, with around 600,000 of them manufactured at the ElectriCity production complex in northern France. The French manufacturing network includes vehicle plants in Douai and Maubeuge, as well as facilities for electric powertrains, components, development, and circular economy initiatives. Renault claims to employ nearly 39,000 people directly in France.
In September, electric vehicles accounted for a record 42 percent of new car registrations in France. “The fact is that we are producing more vehicles today in France, at the French factories, than before. By 2025, we will have produced 500,000 cars in France. By 2026, thanks to the boom in electric vehicles, we will produce at least 25 percent more,” said Provost.
In addition to electrification, reducing vehicle costs plays a key role. Renault plans to introduce more models for the European market by 2030 and aims to expand its range of electric and hybrid vehicles. Meanwhile, according to the company, “futuREady” projects an average annual reduction in variable production costs per vehicle of around 400 euros over the medium term.
Also interesting
About the author
Thomas Langenbucher is an expert in electromobility with professional experience in the automotive industry and finance sector. Since 2011, he has been covering electric vehicles, sustainable technologies, and mobility solutions for ecomento.de. Learn more.
Reader interactions
