Renault announced it will start its mega‑industrial plan in Spain by the end of 2028, allocating production of its high‑end electric vehicles to the Palencia factory. The investment will expand Spain’s EV manufacturing capacity, potentially creating thousands of jobs and stimulating the local supply chain, including battery producers. Renault Group, Spanish government (as host country), the Palencia plant workforce, and prospective battery suppliers. Renault will begin detailed engineering and permitting work in 2027, seek possible public incentives, and finalize battery supply agreements ahead of the 2028 production launch. Renault has confirmed that its mega‑industrial plan for Spain will begin at the end of 2028, with the Palencia plant set to produce the French group’s premium electric models. The move aligns with Spain’s push to attract EV investment and could create thousands of jobs and strengthen local battery demand. No financial figures or timelines beyond the 2028 start were disclosed in the announcement.
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