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Renault Eyes Spain for Electric Car Production
19 Feb
Summary
- Renault is considering Spain for its next-gen compact EV production.
- The company previously built EVs exclusively in France.
- Renault faces intense competition from Chinese EV makers.
Renault Group is reportedly studying the possibility of producing its next generation of compact electric vehicles at its Palencia plant located in Spain. This consideration marks a potential departure from the company's established practice of manufacturing all its electric vehicles within France.
The move is being evaluated as Renault aims to broaden its electric vehicle offerings. However, the automaker faces significant challenges due to strong competition from Chinese manufacturers, particularly in its primary European markets.
Renault's CEO, Francois Provost, disclosed this strategic study on Thursday. The company's earnings for 2025 were also reported, alongside this potential manufacturing relocation.
