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HomeBusinessRenault to invest $320 million, hire 550 workers to make electric vans...

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

SANDOUVILLE: French car maker Renault plans to invest 300 million euros ($323.25 million) in its assembly plant located in



northern France

to make new-generation

electric vans

from 2026.
The company will add 550 staff to its 1,850 payroll at the plant over the next four years, it said in a statement.
The project to build a light van, designed in particular for last-mile delivery of parcels, is part of Renault’s electric vehicle unit


, a joint venture with Sweden’s


and French shipping and logistics giant CMA CGM.

In March, Renault and Volvo obtained the necessary regulatory approval to officially launch the joint venture in which CMA CGM Group has confirmed its interest to invest up to 120 million euros, Renault said.