Renault aims to make 400,000 cars a year at new French hubEuropost
French carmaker Renault announced it was planning to unite three of its factories, located in the northern part of the country to set a new unit, Renault ElectriCity, that is intented to make some 400,000 vehicles a year by 2025, Reuters reported.
Renault elaborated that the new entity would facilitate the creation of 700 jobs spread across the various sites, which currently employ nearly 5,000 people, by 2025. Renault, which is looking to produce fewer and more profitable cars under its new boss Luca de Meo, is grappling with rising competition in the market for electric cars, an area where it had an early lead but bigger rival Volkswagen is catching up.
"Renault Group and the representative trade unions have signed an agreement for the future of the Renault sites in the Hauts-de-France region", the carmaker said. "This agreement gives birth to Renault ElectriCity: the legal entity wholly owned by Renault SAS and grouping together the industrial sites of Douai, Maubeuge and Ruitz", it added. Douai is a car assembly site, Maubeuge a commercial vehicles assembly plant and the Ruitz site, which manufactures gear boxes, will be assigned a new electrical components manufacturing role, Renault said.