Business · Companies · 6 hrs ago

Renault says Valladolid plant faces risks from Chinese car imports and subsidies

Renault says Valladolid plant faces risks from Chinese car imports and subsidies

Renault CEO François Provost says Chinese car imports and Spanish subsidies for plug-in vehicles are putting pressure on the company’s factory in Valladolid, Spain.

The plant makes non-plug-in hybrid cars, including the Renault Captur.

Provost says its activity is secure for the next three or four years, but he argues that subsidised imports compete with cars made there.

Chinese brands accounted for 38% of plug-in vehicles registered in Spain from January to September, according to the figures cited in the story.

Renault says production in Valladolid has fallen by 20% because of the new competition.

Provost is also concerned about stricter European emissions limits due in 2030 and what they could mean for renewing the Captur and other models.

Renault says it has time to decide, while the longer-term future of the Valladolid plant remains a concern.

What people are saying

I think the rules of the game in Spain are not very fair.
François ProvostRenault chief executivevia Cinco Días
This public money directly affects our Valladolid plant.
François ProvostRenault chief executivevia Cinco Días
Production volume in Valladolid has fallen by 20% due to this new competition.
François ProvostRenault chief executivevia Cinco Días

Sources

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