Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.

Renault ready to be part of a European batteries project-chairman

Renault ready to be part of a European batteries project-chairman
FILE PHOTO: The logo of French car manufacturer Renault is seen at a dealership of the company in Bordeaux, France, June 12, 2019. REUTERS/Regis Duvignau -
Euronews logo
Text size Aa Aa

PARIS (Reuters) – Renault <RENA.PA> is ready to be part of a European batteries project provided it makes economic sense to do so, the French carmaker’s chairman said on Wednesday.

“We’re all for it (…) it’s just a question of getting around a table to try and figure out a viable economic plan. It has to make economic sense”, Jean-Dominique Senard said during a hearing in the French parliament.

France and Germany in April initiated a first European battery cell consortium, including carmaker PSA <PEUP.PA> with its German subsidiary Opel, and French battery maker Saft.

Germany said last month that European states were discussing the creation of a second European battery cell production consortium, which, on the German side, could involve BMW <BMWG.DE>, BASF <BASFn.DE>, Varta <VAR1.DE> and BMZ.

A European battery summit is scheduled for Thursday in Brussels.

(Reporting by Gilles Guillaume; Writing by Benoit Van Overstraeten; Editing by Christian Lowe)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.