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Renault to produce 5 new models in Spain

The company Renault announced on Tuesday that it will produce five new models of hybrid cars in Spain

From 2022, Renault will assemble five new models in Spain, all electrified, announced this Tuesday Luca de Meo, boss of the French group.

French automaker Renault said on Tuesday it would manufacture five new models of hybrid cars in Spain, as part of its new strategic plan.

“Electrified, hybrid” models

The attribution of these models to Spanish factories will make this country “one of our most important poles of electrification and hybridization”, declared the general manager of Renault, Luca de Meo, during an official speech.

Spain is the “second most important country” after France for Renault, he said, specifying that all these new models will be “electrified, hybrid”.

Renault is currently producing its Captur in Valladolid, in the north-west of Spain, and, not far from this first city, its Mégane and Kadjar in Palencia.

Concretely, two B-SUV type vehicles (Renault Captur type) will be entrusted to the Valladolid plant, which will also manufacture new hybrid engines.

Three C-type (Renault Mégane type) and D-SUV (Kadjar) models will be manufactured in Palencia, while the plant in Seville, in the south of the country, will produce two new gearboxes.

The expected creation of 1,000 jobs

The manufacture of these products will begin between 2022 and 2024, said Luca de Meo, who promised that this industrial plan would bring “more than 12 billion euros of value to the Spanish economy in the next three to four years”.

According to a statement from the Spanish government, this plan will create “1000 stable jobs”, a figure that Luca de Meo did not mention in his speech.

Spain is the second-largest carmaker in the European Union behind Germany. The automobile is a key sector for this country, corresponding to 10% of its GDP.

But automobile production there fell by nearly 20% in 2020 under the effect of the pandemic and the sector is redoubling its efforts to take the turn of the electric car.

Volkswagen is also investing in Spain

The German Volkswagen announced in early March that it would manufacture electric cars in Barcelona, ​​where the group plans to invest five billion euros in this type of vehicle via the Spanish brand Seat.

At the end of May, the Japanese car manufacturer Nissan, a member of the Renault-Nissan-Mitsubishi alliance, decided to close a factory employing around 3,000 people in Barcelona.

Plagued by the health crisis when it was already in difficulty, Renault suffered in 2020 a record loss of 8 billion euros. The group has set itself the goal of saving 3 billion euros by 2025 and plans to cut 15,000 jobs worldwide.

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