- Renault SA (OTC:RNLSY) (OTC:RNSDF) has signed a long-term commercial partnership with low-carbon battery maker, Verkor, for the battery supply for electric vehicles.
- Verkor will supply Renault with the equivalent of 12 GWh of batteries each year.
- The batteries will be used in the upper segments of Renault brands, starting with the future Alpine 100% electric C-Crossover GT, manufactured in Dieppe, France, from 2025.
- The batteries will be produced in France at the future Verkor Gigafactory in Dunkirk.
- Also Read: Renault In Discussions With Nissan On EV Charging In Europe
- “This commercial partnership allows us to secure a long-term supply of electric batteries and to ensure a reinforced traceability of the elements which compose them,” said François Provost, Renault Group Chief Purchasing, Partnerships, and Public Affairs Officer.
- “It is in line with the ambition of the Group and its future entity Ampere dedicated to electric vehicles and software, to control the entire electric value chain.”
- Renault acquired a stake in Verkor in June 2021.
- Price Action: RNLSY shares closed higher by 0.90% at $8.10 on Wednesday.
- Photo Via Company
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