The logo of carmaker Renault is pictured at a dealership in Vertou, near Nantes, France, January 13, 2021. REUTERS/Stephane Mahe/File Photo PARIS, Jun

Renault seals electric car battery deals with Envision, Verkor

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2021-06-28 09:30:06

The logo of carmaker Renault is pictured at a dealership in Vertou, near Nantes, France, January 13, 2021. REUTERS/Stephane Mahe/File Photo

PARIS, June 28 (Reuters) - French carmaker Renault (RENA.PA) said on Monday it had sealed partnerships with China's Envision AESC and France's Verkor to produce electric car batteries in northern France.

Carmakers globally are racing to keep ahead of rivals in producing cleaner vehicles, a technology shift that is already prompting Germany's Volkswagen (VOWG_p.DE) to build six battery cell plants of its own in Europe.

Renault made the announcement, which confirmed earlier media reports, before a visit of President Emanuel Macron to the Douai site in northern France where Envision is investing up to 2 billion euros ($2.4 billion) close to "Renault ElectriCity" electric car hub to create 2,500 new jobs by 2030.

Renault also said it signed a memorandum of understanding with the French start-up Verkor to co-develop and then manufacture high-performance batteries, with a view to owning a more than 20% stake in Verkor.

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