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Renault targets 10 billion euro EV investment
The French Renault Group plans to invest over 10 billion euros (approximately $11 billion) over the next five years to boost electric vehicle production in France, with a focus on developing more affordable models. The company has invested around 13 billion euros in France in recent years to transition to electric transportation technology, amid rising sales of electric cars, which now account for 42% of the total new car market in France. Production is expected to grow by no less than 25% in 2026.
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