Renault to invest over 10 billion euros in French EV production

Anabelle Colaco
07 Oct 2026, 17:16 GMT+10

Renault plans to invest more than 10 billion euros (US$11 billion) in its French operations over the next five years as the automaker expands electric vehicle production and works to make its cars more affordable
The investment follows 13 billion euros spent in France over the previous five years as Renault transformed its manufacturing operations with a greater focus on electric vehicles, Chief Executive François Provost said
Electric vehicles accounted for a record 42 percent of new car registrations in France in September, as demand was boosted by a surge in fuel prices since the start of the Iran war

PARIS, France: Renault plans to invest more than 10 billion euros (US$11 billion) in its French operations over the next five years as the automaker expands electric vehicle production and works to make its cars more affordable.

The investment follows 13 billion euros spent in France over the previous five years as Renault transformed its manufacturing operations with a greater focus on electric vehicles, Chief Executive François Provost said.

"Over the last five years, we invested 13 billion euros in France to transform our industrial footprint entirely to bet on electric, and over the five coming years, if the social and political context allows it, we will re-invest more than 10 billion euros to continue pushing on electric and on making cars more affordable," Provost said in an interview on France Inter radio.

Electric vehicles accounted for a record 42 percent of new car registrations in France in September, as demand was boosted by a surge in fuel prices since the start of the Iran war.

Renault is also increasing vehicle production at its French factories. The automaker produced 500,000 cars in France in 2025 and expects output to rise by at least 25 percent this year, driven by growing electric vehicle production.

"The reality is that today, we produce in France, in the French plants, more vehicles than before. In 2025, we produced 500,000 cars in France. In 2026, we will produce at least 25 percent more thanks to the rise of electric vehicles," Provost said.