Renault to invest €600m in Valladolid and Palencia plants

Renault announced on 24.09.2026 that it will put around €600m into its Spanish plants in Valladolid and Palencia by 2030, which will receive five new models – including two compact electric cars, making Renault's Spanish factories build EVs for the first time in its 75-year history in the country. Palencia is to produce vehicles on the new RGEV Medium 2.0 electric platform, while the body plant in Valladolid gets a battery assembly line; the programme is funded from the group's own resources plus subsidies from the central government and the regional government of Castile and León. No figure for new jobs was given (El Español, 24.09.2026; second source: El Debate, 24.09.2026).