RNSDF - Renault inks electric car battery deal with Envision Verkor

Renault (RNSDF) has inked partnerships with China's Envision AESC and France's Verkor to produce electric car batteries in northern France - Reuters.The French car maker also signed a memorandum of understanding with the French start-up Verkor to co-develop and then manufacture high-performance batteries, with a view to owning a more than 20% stake in Verkor."The combination of these two partnerships with Renault ElectriCity will create nearly 4,500 direct jobs in France by 2030, while developing a robust battery manufacturing ecosystem in the heart of Europe," the statement said.The proximity of the Envision AESC’s gigafactory to Renault ElectriCity production sites at Douai, Maubeuge and Ruitz, will create 700 additional jobs in the Hauts-de-France region.

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Renault inks electric car battery deal with Envision, Verkor