Renault Inks Low-Carbon Battery Deal With Verkor For Use In Upper Segment Vehicles

Author: Shivani Kumaresan | April 13, 2023 05:38am

Renault SA (OTC:RNLSY) (OTC:RNSDF) has signed a long-term commercial partnership with low-carbon battery maker, Verkor, for the battery supply for electric vehicles.
Verkor will supply Renault with the equivalent of 12 GWh of batteries each year.
The batteries will be used in the upper segments of Renault brands, starting with the future Alpine 100% electric C-Crossover GT, manufactured in Dieppe, France, from 2025.
The batteries will be produced in France at the future Verkor Gigafactory in Dunkirk.
Also Read: Renault In Discussions With Nissan On EV Charging In Europe
"This commercial partnership allows us to secure a long-term supply of electric batteries and to ensure a reinforced traceability of the elements which compose them," said François Provost, Renault Group Chief Purchasing, Partnerships, and Public Affairs Officer.
"It is in line with the ambition of the Group and its future entity Ampere dedicated to electric vehicles and software, to control the entire electric value chain."
Renault acquired a stake in Verkor in June 2021.
Price Action: RNLSY shares closed higher by 0.90% at $8.10 on Wednesday.
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