PARIS, Feb 10 (Reuters) – Carmaker Renault (RENA.PA) and its partners Valeo (VLOF.PA) and Valeo Siemens eAutomotive announced plans on Thursday to develop and make a new-generation automotive electric motor vehicle in France.
The companies said they would be the first to mass produce a 200kW electric motor without using rare earths, starting in 2027. Production of the motor for the automaker’s own needs will be based at Renault Group’s Cléon plant in Normandy, France.
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Reporting by Sudip Kar-Gupta; Editing by Clarence Fernandez
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