SHANGHAI -- Chinese green tech company Envision Group plans to invest 2 billion euros ($2.4 billion) in a battery plant in France to supply Renault Group, underlining how Asian companies are aiming for a major slice of Europe's electric vehicle supply chain.
Envision and the French automaker -- which is in a car making alliance with Japan's Nissan Motor and Mitsubishi Motors -- announced the plans on Monday. Zhang Lei, Envision's founder and chief executive, is due to meet French President Emmanuel Macron and the automaker's officials on a visit to France on Monday, a group spokesperson said.
