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# Renault to invest €600m in Spanish EV production

25 September 2026 at 08:15

> Renault Group's futuREady plan brings five new models and 100% electric vehicle manufacturing to its Palencia and Valladolid facilities.

**Renault Group** has announced a 600 million euro investment in **Spain** between 2026 and 2030 under its new futuREady plan. CEO **Christian Stein** confirmed the strategy involves five new models across the **Valladolid** and **Palencia** sites, backed by public subsidies.

The Palencia plant will produce 100% electric vehicles for the first time in its 75-year history using the RGEV Medium 2.0 platform. This 800-volt architecture offers a 750km WLTP range and 10-minute charging, with a new battery line planned for Valladolid.

This industrial expansion aims to protect over 6,000 direct jobs following a collective bargaining agreement for 2026-2028. The project, supported by the Spanish Government and Junta de Castilla y León, secures the future of C-segment electric production.



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