The Renault group and the group Minth have announced the creation of a joint venture that will be dedicated to the production of battery casings for electric vehicles, according to a statement from the automobile group. The joint venture will be located at the Ruitz plant in Renault ElectriCity and will supply the ElectriCity Douai and Maubeuge factories in France. Thus, two new production lines will be installed in Ruitz in 2023 with a capacity of 300,000 battery cases per year by 2025, for electric models, including the future electric Renault 5.
The company will rely on Renault’s experience in the production of electric vehicles, on the technical skills of the Ruitz teams and on their knowledge of the ecosystem in France, as well as on Minth’s know-how in the field of battery casings .
Likewise, the new ‘joint venture’ will support the strong growth of the electric vehicle market and the development of the Renault ElectriCity industrial cluster, which aims to reach an annual production of 480,000 electric vehicles by 2025.
“By integrating this new high-tech battery case assembly activity into Ruitz, this joint venture fits perfectly with the group’s strategy of creating a world-class ecosystem as close as possible to our production sites,” said Mr. Industrial Executive Vice President of the Renault Group, José Vicente de los Mozos.
For his part, the general director of Minth Europe, Jimmy Wong, has indicated that with the rapid growth of the business, the joint venture will take this activity to France, achieving a reduction in carbon emissions, benefits for the local economy and the global expansion of Minth.
The start-up of the ‘joint venture’ between Renault and Minth is subject to relevant authorizations applicable to this type of operation, and it is expected to be commissioned in early 2023.