Renault Plans More Than €10 Billion Investment in France

Renault Group plans to invest more than €10 billion ($11 billion) in France over the next five years, chief executive François Provost announced.

The investment will focus on electric vehicles and lower-cost cars, placing both electrification and affordability at the centre of the company’s plans.

France will be the destination for the spending, with the five-year commitment setting out a substantial investment in Renault’s automotive operations in the country.

Provost’s announcement did not specify how the funding would be divided between electric vehicles and lower-cost models, or identify individual projects.