Renault may develop EV batteries with LG in France

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• Renault
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• Batteries
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• Carlos Tavares

PARIS (Reuters) -- Electronics group LG Corp may produce electric vehicle batteries for Renault in France.

Renault is conducting joint research with the South Korean company and France's CEA energy research institute aimed at manufacturing next-generation batteries in the country, Chief Operating Officer Carlos Tavares said on Friday.

The automaker uses LG power packs in its current Twizy two-seat EV and upcoming Zoe subcompact EV and already has a battery research partnership with the CEA.

The Renault-Nissan alliance is investing 4 billion euros into EVs. Renault also sells battery-powered versions of the Fluence mid-sized sedan and Kangoo van.

Renault and Nissan expect 10 percent of cars sold globally by 2020 will be electric and the alliance aims to win 20 percent of those EV sales.

Douglas A. Bolduc contributed

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