Renault inks gigafactory deals with Chinese and French firms

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Automaker is not unique in focusing on the production of batteries for electric vehicles.

"Together with partners, we want to have a total of six cell factories up and running in Europe by 2030," Thomas Schmall, who is CEO of Volkswagen Group Components, said in a statement at the time. This move, he added, would guarantee "security of supply."

All of the above comes at a time when governments around the world are attempting to ramp up the number of electric vehicles on their roads in order to tackle air pollution and move away from the internal combustion engine. Change does seem to be on the cards. At the end of April, a report from the International Energy Agency stated roughly 3 million new electric cars were registered last year,More recently on Monday, Wood Mackenzie said battery electric vehicles would become "the dominant form of road transport by 2050, accounting for 56% of all vehicle sales that year." By contrast, internal combustion engine vehicles will make up just 18% of sales, it added.

Source: Car News Wire (carnewswire.net)

 

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