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Renault investing > €1B for development and production of EVs in North of France

Groupe Renault is accelerating the deployment of its Drive The Future strategic plan with an investment of more than €1 billion (US$1.2 billion) for the development and production of electric vehicles in France. With the aim of strengthening the leadership of its French industrial base in the growing electric vehicle market, Groupe Renault plans to, among other things, introduce a new Alliance electric platform in Douai (North of France) to create a second Renault electric vehicle production site.