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Reuters reported that Renault Group will invest more than €10 billion in France over the next five years in electric vehicles and more affordable cars. Chief Executive François Provost outlined the commitment during an interview on France Inter radio. He referenced the company’s prior outlay of €13 billion in the last five years that had reshaped its French industrial base around electric technology. Provost conditioned future spending on a favourable social and political environment.
“Over the last five years, we invested €13 billion in France to transform entirely our industrial footprint to bet on electric, and over the five coming years, if the social and political context allows it, we will re-invest more than €10 billion to continue pushing on electric and on making cars more affordable”, Provost said in the interview. The plan builds directly on Renault’s establishment of the Ampere ElectriCity hub that clusters electric vehicle supply chains and assembly in northern France. This infrastructure has enabled the firm to increase domestic output while targeting more competitively priced models such as the R5 E-Tech produced in Douai.
Renault produced 500,000 vehicles in France in 2025, according to Provost. The chief executive projected at least a 25 percent rise in 2026 output, driven by electric vehicle demand. French plants are already manufacturing more cars than in prior years as a direct result of the earlier €13 billion investment phase that reoriented operations toward electrification.
Platform for French Automotive Manufacturers figures show electric vehicles accounted for 41.7 percent of new car registrations in France in September, a record level. Year-to-date through the first nine months of 2026, battery electric models held a 31.4 percent share of the market, up from 18.3 percent in the same period of 2025. The surge coincided with elevated fuel prices linked to geopolitical tensions, accelerating consumer uptake of Renault’s electric lineup.
Provost noted that the next five-year investment cycle would sustain this production growth trajectory provided conditions remain stable. Renault has captured a leading position in the French electric segment with models including the Renault 5 and Twingo contributing to its 22.1 percent share of national electric sales so far this year. The company’s domestic manufacturing focus distinguishes it amid broader industry efforts to balance electrification with affordability and local employment.
