Renault to combine three French plants for electric vehicles hub

French carmaker Renault (PA:RENA) will combine three of its plants in northern France into a new legal entity, Renault ElectriCity, to focus on electric vehicle manufacturing, two sources close to the matter told Reuters.

The new company will include the Douai car assembly site, the Ruitz gearbox manufacturing site and the Maubeuge commercial vehicles assembly plant from Jan. 1, 2022.

Renault confirmed that a new project will be submitted to unions next week but declined further comment.