With the goal of making 1 million EVs in Europe, by 2030, and getting EV sales up to 90% of its total sales by the same date, Renault has set an ambitious strategy that is now at a turning point.
Envision AESC, the battery arm of the global green tech company Envision Group, will invest €2 billion to produce the latest technology batteries for EVs, including the R5, at the Douai facility. Additionally, Verkor will contribute to developing a high-performance battery for the higher segment of the Renault range and the Alpine models.
Through this partnership, Renault is becoming a shareholder of Verkor, which will first launch an innovation center and a pilot line for battery cell production, in 2022, before inaugurating the gigafactory.
Both of the Group’s new partners will play an essential role not only in developing high-performance and cost-effective batteries, but also in making battery manufacturing more sustainable, including battery reuse and closed loop recycling. One of the goals is to cut CO2 emissions from the battery manufacturing process by 75%.
The agreements with Envision AESC, Verkor (and potentially ACC) complement Renault’s major collaboration with LG Chem, the battery supplier for the company’s current electric range and upcoming MeganE.