The investment will support production of five new car models, including electric vehicles, and establish a battery assembly line at the Valladolid site, Investing.com reported.
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The French automaker said the funding will combine company resources with national and regional public support directed toward industrial transformation and sustainable mobility initiatives.
The investment plan aims to secure more than 6,000 direct jobs at the facilities. Renault stated the decision to increase its Spanish operations reflects the plants’ competitiveness and follows completion of a new collective bargaining agreement covering 2026-2028.
The company will produce two medium-sized electric vehicle models at the plants, built on the RGEV Medium 2.0 EV native platform. Renault described the investment as reinforcing Spain’s strategic position within the group and demonstrating its long-term commitment to the country.
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