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Renault to invest over €10 billion in France in EVs, affordable cars, CEO says
Chief Executive François Provost said the plan will support electric vehicles and cheaper models, with Renault expecting at least 25% more production in 2026.
- On Saturday, Renault Group Chief Executive François Provost announced an investment of more than $11 billion in France over the next five years for electric vehicles and more affordable cars.
- Provost noted the company previously invested €13 billion in France over the last five years to transform its industrial footprint to bet on electric vehicles. This prior spending laid the groundwork for the new commitment.
- Production reached 500,000 vehicles in France in 2025, while electric cars captured a record 42% of new registrations in September amid rising fuel prices since the Iran war began.
- By 2030, Renault plans to shift its lineup to over 70% electrified while expanding its Dacia and Alpine brands to cover budget and performance segments respectively.
- Renault expects to increase output by at least 25% in 2026, driven by the continued rise of electric vehicles within its French manufacturing network.
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François Provost, CEO of Renault Group, has announced that they will invest more than 10 billion euros in the next five years to develop electric vehicles and more affordable cars in France.
·Istanbul, Türkiye
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CEO François Provost says that group wants to continue betting in France, where it has invested 13 billion in the last five years.
·Lisboa, Portugal
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The boss of the group announced on Saturday. But it lays down a condition: let the economic context allow it.
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Total News Sources70
Leaning Left4Leaning Right8Center4Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 25%
C 25%
R 50%
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