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Renault seeks to make 1 billion euros out of a ‘circular economy’ by 2030

© Reuters. Renault factory in Choisy-le-Roi near Paris

PARIS (Reuters) – French car manufacturer Renault (PA 🙂 will seek to generate more than 1 billion euros ($ 1.20 billion) in revenue from the so-called “circular economy” by turning the Flins factory on the outskirts of Paris into a research center , recycle and repair, its boss told the French weekly du Dimanche magazine.

“Our ambition, by 2030, is to get more revenue (from recycling and repairs at Flins) than from assembling cars there,” said Luca de Meo, chief executive of Renault. . “And to generate more than a billion euros in revenue in the circulating economy.”

This represents more than 2% of Renault’s total sales in 2020. The group will report its first quarter sales on Thursday.

Last year, Renault confirmed that it would stop assembling new cars at the Flins plant and turn the site into a research, recycling and repair center by 2024 to save full-time work at the plant. .

The loser car maker says it aims to recruit 3,000 people at its refurbished site by 2030.

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