On November 5, 2009, a letter of intent was signed between the Renault-Nissan Alliance, the French Atomic Energy Commission (CEA) and the French Strategic Investment Fund (FSI) to set-up a joint venture company that would develop and manufacture batteries for electric vehicles.
The joint venture between Renault, Nissan, CEA and FSI would focus on advanced research, manufacturing and the recycling of electric vehicle batteries. The joint venture plans to produce batteries from mid 2012 at the Renault Flins plant (France). Production capacity is targeted at 100,000 batteries a year.
The investment value of the first phase of the project is estimated at 600 millions Euros.
A second plant, which will manufacture advanced lithium-ion batteries, will be located at the Renault CACIA (Companhia Aveirense de Componentes para a Indústria Automóvel) industrial complex located in Aveiro (Portugal), about 250km North of Lisbon.
Construction of the plant started in 2010 and it will start running in 2012. Projected annual capacity is 50,000 units.
Two other plants will produce batteries for vehicles of the Renault-Nissan Alliance: Sunderland (Great Britain) should have an annual capacity of 60,000 units and Smyrna (Tennessee, USA) an annual capacity of 200,000 units (only for Nissan vehicles).