Renault will invest 600 million to electrify its Spanish plants
The French car group will manufacture five new models at its plants in Valladolid and Palencia.
Renault will invest 600 million euros in its Spanish plants in Valladolid and Palencia by 2030. The French automaker will produce five new models in these plants, including two electric cars and three hybrid vehicles. This investment will secure the workload of over 6,000 direct jobs and reinforce Renault's industrial presence in Spain.
The company's new project is part of its futuREeady strategic plan, which aims to optimize costs and accelerate vehicle development. The investment will be funded by Renault's own funds and public aid from national and regional governments.
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