The Renault group has announced a partnership with Chinese company Envision AESC and French startup Verkor to create batteries for its upcoming electric vehicle lineup.
The report comes three days after Renault partnered with Franco-Italian company STMicroeletronics to develop microchips for electric and hybrid models.
Autonews Europe reports that Envision AESC is investing up to 2 billion euros in its new battery plant in Douai, France. 2,500 jobs will be created there by 2030. The plant will start up with a capacity of 9 kWh, sufficient to produce batteries for the Renault 5 and other small electric models, increasing to 24 GWh by 2030.
Envision AESC CEO Lei Zhang told Bloomberg that he is also in talks with other automakers about battery deals. He has high hopes for future growth. This will allow the Chinese company to realize the full potential of the French 43 GWh power plant by the end of the decade.
As for Verkor, the French startup will help develop and manufacture high-performance batteries for larger and more premium models, including Alpine’s upcoming all-electric lineup.
In exchange, Renault will buy 20% of the shares. Verkor plans to build a plant in 2023. 10 GW of the original 16 GW are reserved for Renault. By 2030, the Verkor plant will grow to 50 GWh, of which 20 GW will be at Renault.
Renault said in a statement that the partnership “will create nearly 4,500 jobs in France by 2030, while developing a robust battery manufacturing ecosystem in the heart of Europe.” The French company plans to produce 400,000 electric vehicles a year at its factories in Douai, Maubeuge and Ruitz combined.
In addition to collaborating with two new suppliers, LG Energy Solution will continue to supply batteries for the current generation Renault Zoe and the upcoming Renault Megane E-Tech electric crossover.