Renault is closing in on an agreement with a unit of China's Envision Group to produce batteries for its future electric-vehicle manufacturing hub in northern France, according to people familiar with the plan.
Renault is closing in on an agreement with a unit of China's Envision Group to produce batteries for its future electric-vehicle manufacturing hub in northern France, according to people familiar with the plan.
Auto parts became subject to a 25% tariff May 3. Automotive News breaks down how the new duty works.