Renault to invest €10bn in EVs
French company Renault plans to invest more than 10 billion euros ($11 billion) in France over the next five years, particularly in the development of electric vehicles and more affordable cars. Over the past five years, the company has invested around 13 billion euros in France with the goal of fully transforming its industrial footprint and focusing on electric cars. This investment comes amid growing demand for electric vehicles, with their sales accounting for 42% of all new car registrations in France during September, driven by a sharp rise in fuel prices and consumers' desire for more efficient and sustainable options.
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