62 - Renault and Minth create a battery box joint venture in Ruitz

Renault Group, a major player in the automotive industry, and Minth Group, one of the world's leading automotive suppliers, announce the signing of a memorandum of understanding for the creation of a joint venture to produce trays batteries, based in France. The joint venture will locate this high technological value activity at the Ruitz factory (ElectriCity), intended for future electric vehicles produced within the ElectriCity cluster. The battery box, a set of extruded aluminum parts assembled by friction welding in which the constituent modules of the battery are housed, is a strategic component of the high-tech electric vehicle and contributes to the durability and safety of the vehicle. The joint venture will install two new production lines in Ruitz in 2023, with a capacity of 300,000 units (or bins) of batteries per year by 2025, for electric models, including the future R5. It should generate nearly 270 jobs. Bringing together the complementary strengths of each, this joint venture will draw on the pioneering experience of the Renault Group in the production of electric vehicles, the technical skills of the Ruitz teams and its knowledge of the ecosystem in France, as well as on the Minth's recognized expertise in battery boxes. This joint venture will support the very strong growth of the electric vehicle market and the development of the Renault ElectriCity industrial cluster, which aims to achieve annual production of 480,000 electric vehicles by 2025 in factories in northern France.

https://fr.media.renaultgroup.com/actualites/renault-group-et-minth-group-unissent-leurs-forces-pour-produire-des-bacs-batteries-destines-aux-vehicules-electriques-assembles- in-france-3e7b-e3532.html