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Renault is studying plan to build compact EVs in Spain, says CEO

Published by Global Banking & Finance Review®

Posted on February 19, 2026

1 min read

Last updated: February 19, 2026

Renault is studying plan to build compact EVs in Spain, says CEO - Finance news and analysis from Global Banking & Finance Review

Tags:Manufacturing

Quick Summary

Renault is evaluating building its next-gen compact EVs at the Palencia, Spain plant after reporting 2025 results. The shift would diversify output beyond France amid rising Chinese competition.

Renault weighs building next-gen compact EVs at Spain's Palencia plant

PARIS, Feb 19 (Reuters) - French automaker Renault Group is studying a plan to build its next generation of compact electric vehicles (EVs) at its plant in Palencia in Spain, CEO Francois Provost said on Thursday, after the company reported earnings for 2025.

The group, which has previously made all of its EVs at factories in France, is expanding its electric line-up but is facing tough competition from low-cost Chinese manufacturers in its core European markets.

(Reporting by Gilles Guillaume, writing Dominique Patton; Editing by Emelia Sithole-Matarise)

Key Takeaways

•Renault is studying production of next-generation compact EVs in Palencia, Spain.
•CEO Francois Provost discussed the plan following 2025 earnings.
•The move would extend EV manufacturing beyond Renault's French factories.
•The strategy responds to intensifying price pressure from low-cost Chinese rivals in Europe.
•Details on timelines and specific models were not disclosed.

Frequently Asked Questions about Renault is studying plan to build compact EVs in Spain, says CEO

1What is the main topic?

Renault is considering producing its next generation of compact electric vehicles at the Palencia, Spain plant. The evaluation was noted by CEO Francois Provost after the group reported 2025 results.

2Why is Renault looking at Spain for EV production?

Shifting some EV output to Spain would diversify manufacturing beyond France and may improve cost competitiveness. It also positions Renault to respond to mounting pressure from low-cost Chinese brands.

3When could production begin if approved?

The company has not disclosed a timeline. The plan is under study, and specific models, start dates, and investment details were not provided.

Renault weighs building next-gen compact EVs at Spain's Palencia plant

(Reporting by Gilles Guillaume, writing Dominique Patton; Editing by Emelia Sithole-Matarise)

Key Takeaways

•Renault is studying production of next-generation compact EVs in Palencia, Spain.

•CEO Francois Provost discussed the plan following 2025 earnings.

•The move would extend EV manufacturing beyond Renault's French factories.

•The strategy responds to intensifying price pressure from low-cost Chinese rivals in Europe.

•Details on timelines and specific models were not disclosed.

Frequently Asked Questions

1What is the main topic?

Renault is considering producing its next generation of compact electric vehicles at the Palencia, Spain plant. The evaluation was noted by CEO Francois Provost after the group reported 2025 results.

2Why is Renault looking at Spain for EV production?

3When could production begin if approved?

The company has not disclosed a timeline. The plan is under study, and specific models, start dates, and investment details were not provided.