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Renault inks gigafactory deals with Chinese and French firms

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An electric car from Renault being charged in Berlin, Germany, on April 10, 2020.

Annette Riedl | picture alliance | Getty Images

Renault announced Monday it had signed “two major partnerships” related to the design and production of electric vehicle batteries, becoming the latest automotive firm attempting to get ahead of the competition in the increasingly crowded field of e-mobility.

In a statement, the French carmaker said it would partner with China’s Envision AESC, which is set to develop a gigafactory in Douai, northern France. Renault said this facility would have a capacity of 9 gigawatt hours by the year 2024 and aim to grow to 24 GWh by the year 2030.

Envision AESC is part of…



Source cnbc.com

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