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Renault says split-off electric unit could employ 10,000 staff by 2023 -Breaking


© Reuters. The Renault Megane E-Tech 100% electric car was displayed in Aubervilliers, France on September 2, 2021, ahead of the 2021 Munich Motor Show. REUTERS/Eric Gaillard

PARIS (Reuters), -French carmaker Renault (EPA:) Thursday’s announcement by the EPA stated that two of its business units, which would be formed from the planned seperation of conventional and electric car production, could each have 10,000 employees by 2023.

Renault announced in a statement, that they were currently studying the possibility of creating separate entities to handle a large shift towards fuel-free vehicles. They would also present their progress at an autumn capital market day.

Renault explained that these strategic reflections are meant to help adapt the technology and draw on the Alliance’s strengths and know-how on various markets.

Renault stated again that jobs in EV production and maintenance would be bundled within France. However, its workforce for traditional cars will be based abroad.

Reuters received information earlier this year from sources that Renault’s Chief Executive Luca de Meo was keen to move ahead with plans to separate the group despite possible uncertainty regarding its Russia interests.

The French automaker, which is playing catch up with competitors like Tesla (NASDAQ.) and Volkswagen (ETR.), first announced its strategy change in February.

Numerous working groups are working actively on creating two separate legal structures. They code-named Ampere (for the electric) and Horse (for the thermal or hybrid assets), according to two of the three sources.