Renault and Minth form joint venture to produce EV battery boxes in France

Minth Group, an industry-leading auto parts supplier, and the French automaker Renault Group have announced the signing of a memorandum of understanding to establish a battery box manufacturer in France. Joint venture.The joint venture will be located at Renault ElectriCity's Ruitz plant and will supply ElectriCity's Douai and Maubeuge plants.

Minth Group Image source: Minth official website

As the bearing and protection unit of the new energy vehiclepower battery system, the battery boxis composited with various materials such as aluminum extrusion, aluminum stamping, and aluminum die-casting, combined with various connection technologies such as welding, gluing, and riveting, to seal and dissipate heat to the battery. It is an important part of high-tech electric vehicles and plays a key role in the durability and safety of vehicles.

The joint venture will install two new automated production lines at the Ruitz plant in 2023 and reach anannual capacityfor all Renault electric models, including the future R5.

The joint venture brings together the complementary strengths of the two groups, leveraging Groupe Renault's pioneering experience inelectric vehicleproduction, the Ruitz team's technology and knowledge of the French industry ecosystem, and Minth's market-proven battery boxes Professional technology.The joint venture will support the strong growth of the electric vehicle market and the development of the Renault ElectriCity industrial cluster.The cluster's annual production at the plant in northern France is expected to reach 480,000 electric vehicles in 2025.

Jose-Vicente de los Mozos, executive vice president of Groupe Renault Industrial, said: “In partnership with Minth Group, we will build a Gigafactory in Douai to produce state-of-the-art, cost-competitive, low-carbon batteries, thereby Enables Groupe Renault to take a leadership position in the entire electric vehicle value chain. The joint venture produces high-tech battery box assemblies at the Ruitz plant, which is a perfect match for Renault's strategy of creating a first-class ecosystem based on the principle of localization of the industrial chain. This strategy will help Renault The Group becomes a more competitive and efficient manufacturer of electric vehicles, accelerating the industrial transformation and achieving the goals of ecological transformation. At the same time, we reaffirm our intention to produce popular, affordable and cost-effective electric vehicles in France. "

Dr. Jimmy Wong, Managing Director of Minth Europe, said: "Thanks to Groupe Renault's support over the past few years, the two parties have successfully collaborated on the battery box project. With the rapid growth of our business, our joint venture will manufacture in France. The battery box can achieve carbon emission reduction and bring economic benefits to the local area, and further expand the global layout of Minshi.”