Renault to invest $320 million, hire 550 workers to make electric vans in Northern France


SANDOUVILLE: French automobile maker Renault plans to invest 300 million euros ($323.25 million) in its meeting plant positioned in Sandouville in northern France to make new-generation electric vans from 2026.
The firm will add 550 workers to its 1,850 payroll on the plant over the following 4 years, it mentioned in an announcement.
The undertaking to construct a lightweight van, designed in specific for last-mile supply of parcels, is a part of Renault’s electric automobile unit Flexis, a three way partnership with Sweden’s Volvo and French delivery and logistics big CMA CGM.
In March, Renault and Volvo obtained the mandatory regulatory approval to formally launch the three way partnership in which CMA CGM Group has confirmed its curiosity to invest up to 120 million euros, Renault mentioned.

Nilesh Desai
Nilesh Desai
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.


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