Renault & Minth Join Forces for French Battery Casing JV
Renault Group and Minth Group have joined forces to create a joint venture for producing battery casings in France. The venture, based at Renault's Ruitz plant in Renault ElectriCity, will supply other Renault plants in Douai and Maubeuge. It aims to position Renault Group as a leading player in the entire electric vehicle value chain.
The joint venture will install two new production lines in Ruitz in 2023. By 2025, these lines are expected to produce 300,000 battery casings per year. Battery casings are crucial components, contributing to the durability and safety of electric vehicles.
The venture aligns with Renault Group's strategy to create a best-in-class ecosystem near production sites. This move aims to increase efficiency and affordability of electric vehicles. The Managing Director of Minth Group, William Chin, expressed gratitude for Renault's support, seeing the joint venture as beneficial for both companies' growth and carbon reduction.
The joint venture will combine Renault Group's electric vehicle production experience with Minth Group's battery casing expertise. Its finalization is subject to usual conditions, including employee representation and competition authority approval, and is expected in early 2023.
The joint venture between Renault Group and Minth Group is set to boost Renault's position in the electric vehicle market. With the new production lines in Ruitz, the venture will supply battery casings to other Renault plants, enhancing efficiency and affordability. Both companies anticipate growth and carbon reduction from this partnership.
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