Renault Commits $320 Million and Plans to Hire 550 Employees for Electric Van Production in Northern France

Renault Commits $320 Million and Plans to Hire 550 Employees for Electric Van Production in Northern France

Renault Commits $320 Million and Plans to Hire 550 Employees for Electric Van Production in Northern France

BollywoodFever, March 29: Renault, the French automotive manufacturer, has announced plans to invest €300 million ($323.25 million) in its Sandouville assembly facility located in northern France for the production of next-generation electric vans starting in 2026.

The company also intends to expand its workforce by adding 550 employees to the current 1,850 staff members at the plant within the next four years, according to a company statement.

Renault Commits $320 Million and Plans to Hire 550 Employees for Electric Van Production in Northern France

This initiative to manufacture a light van, aimed primarily at the last-mile delivery sector, falls under the purview of Renault’s electric vehicle division, Flexis. Flexis is a collaborative effort between Renault, Swedish automotive company Volvo, and the French maritime and logistics conglomerate CMA CGM.

In March, Renault and Volvo received the necessary regulatory approvals to commence operations for this joint venture. Additionally, CMA CGM Group has expressed its willingness to contribute up to €120 million to the project, Renault disclosed. The exchange rate used for these conversions is $1 = €0.9281.

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Pooja Chauhan

Pooja Chauhan: Your Source for Entertainment and Box Office News Pooja Chauhan is a passionate writer and dedicated journalist specializing in delivering the latest updates and insights from the world of entertainment and box office. With a keen eye for detail and a deep love for cinema, Pooja brings her readers accurate and engaging coverage of all things related to movies, celebrities, and the dynamic world of showbiz. Her commitment to keeping her audience well-informed and entertained makes her a valuable voice in the realm of entertainment journalism. When she's not busy uncovering the latest scoops, Pooja enjoys exploring classic films and indulging in creative writing." Contact us: admin@bollywoodfever.co.in

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