Renault to invest more than €10 billion with primary focus on electric mobility
Renault intends to invest more than ten billion euros in France over the next five years. The funds will primarily flow into electric vehicles and more affordable models. However, the company is tying these plans to political and social framework conditions.
Renault plans to significantly expand its investments in France.
Image: Renault
The French automaker has announced a new investment programme worth more than €10 billion in its home market. Renault CEO François Provost revealed the plans in an interview with radio station France Inter. According to a report in the German financial publication, the _Handelsblatt_, the funds will primarily support the development of electric vehicles and more affordable models over the next five years.
However, the commitment comes with conditions. Provost emphasised that the investments will only proceed if the political and social environment aligns with the company’s expectations. He did not initially specify the exact conditions Renault attaches. Over the past five years, the company has already invested around €13 billion in France, according to the CEO. A key focus has been transforming domestic production towards electric mobility.
The new investment plans align with the futuREady strategy programme, which Renault presented in spring 2026. By 2030, the company aims to launch 22 new models in Europe, 16 of which will be fully electric. In parallel, Renault is developing a new 800-volt platform called RGEV Medium 2.0, along with new battery and powertrain technologies.
Renault specifies futuREady with new investments
The Renault Group will not only develop higher-end electric cars but also plans to focus more on cost efficiency. As part of futuREady, Renault announced it will integrate range, charging power, and manufacturing costs more closely, and use more affordable cell chemistries for high-volume models.
At the same time, Renault is also finalising its investment plans outside France. At the end of September, the company announced it is investing €600 million in its Spanish plants in Valladolid and Palencia. Two electric cars based on the new 800-volt platform, RGEV Medium 2.0, will be built there, while Valladolid will receive a new battery assembly line.
Despite this European diversification, France remains the central production hub for Renault’s electric cars. The ElectriCity cluster, established in northern France in 2021, produces models such as the Mégane E-Tech, Scénic E-Tech, Renault 5 E-Tech, and Alpine A290.
Demand for electric cars in France has risen sharply recently. In September, media reports indicated that 42 per cent of new passenger car registrations were for electric vehicles, marking a new record. The report attributes the key driver to significantly higher fuel prices since the start of the Iran war. Renault reports increasing EV production figures in France. According to Provost, the company manufactured around 500,000 vehicles in France in 2025. For 2026, Renault expects an increase of at least 25 per cent due to the ramp-up of electric vehicle production.
The ramp-up of electric vehicle production would bring production in France to more than 625,000 vehicles. Renault has not yet specified which plants and models will benefit from the announced investment of more than €10 billion.
