News Release

  • TOP
  • News Release
  • Minth Group and Renault Group create a joint venture to produce battery casings
Minth Group and Renault Group create a joint venture to produce battery casings
2022.09.15
Minth Group and Renault Group create a joint venture to produce battery casings

Boulogne-Billancourt and Jiaxing, Zhejiang, June 20, 2022 – Renault Group, a major player in the automotive industry, and Minth Group, one of the leading global automotive suppliers, announce the signature of a memorandum of understanding for the creation of a joint venture to produce battery casings, based in France. The joint venture will locate this high-tech activity at the Ruitz plant in Renault ElectriCity and will supply ElectriCity Douai and Maubeuge plants.

Jose-Vicente de Los Mozos, EVP Industry, Renault Group said: "This new strategic partnership with Minth Group, alongside our partnership with Envision AESC to set up a gigafactory in Douai to manufacture of the latest technology, cost-competitive, low-carbon batteries allows Renault Group to position itself as a leading player in the entire value chain of electric vehicles. By integrating this new high-tech activity of battery casing assembly in Ruitz, this joint venture is perfectly in line with the group's strategy to create a best-in-class ecosystem as close as possible to our production sites. This strategy will help Renault Group become a more competitive and efficient EV player, accelerate its industrial transformation, and reach its ecological transition targets. And in the meantime, we thus reaffirm our willingness to produce popular, affordable, and cost-effective electric cars in France”.

Dr Jimmy Wong, Managing Director of Minth Europe, said: "We are thankful for the support from Renault Group over the past years and successful battery casing programs. With the rapid growth of business, the joint venture company will bring this activity to France, achieving carbon emission reduction, benefits for the local economy, and Minth’s own global expansion.”