BUSINESS Envision Group to build battery factory at Renault site in north France

BUSINESS

Envision Group to build battery factory at Renault site in north France

Xinhua

20:14, June 28, 2021

A Renault plant in Douai, in November 2014. (File photo: AFP)

PARIS, June 28 (Xinhua) -- Envision AESC, the battery arm of Shanghai-headquartered global green tech company Envision Group, will build a battery factory at France's second largest automaker Renault's ElectriCity site in Douai, northern France, the two partners announced on Monday.

The factory, the first digitalized, low-carbon battery plant in France, will reach a capacity of 24 GWh by 2030, according to Envision AESC, whose lithium-ion batteries manufactured in Japan, the United States and Europe have been installed in over 600,000 electric vehicles.

"Investing to build a new gigafactory in northern France, we aim to support the net zero carbon transition by making high performance, longer range batteries and EVs affordable and accessible for millions more motorists," said Lei Zhang, founder and CEO of Envision Group.

"This first phase development will unlock future large-scale investment to grow the local supply chain and develop the whole life cycle opportunities of batteries, including energy storage, battery reuse, smart charging and closed loop recycling. It has the potential to create thousands of new high value green jobs as part of an end-to-end battery ecosystem in the region," he added.

The factory will "support manufacture of latest technology, cost-competitive, low-carbon batteries to make electrical mobility more accessible in Europe," Renault Group stated in its press release.

"This marks a major milestone as we strengthen our competitive edge, by rooting our group in the underlying momentum of French industry and striving to reach our carbon neutrality objectives. The group thus reaffirms its willingness to produce popular, affordable, and cost-effective electric cars in France," said Luca de Meo, CEO of Renault Group.

Earlier in June, Renault launched its ElectriCity with an ambition of 400,000 cars per year by 2025 by bringing together its sites in northern France.

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