Additional Investment in Busan Plant... Renault Korea Strengthens 'Made in Busan' Initiative

Business Agreement with Busan City on Electrification Investment,
Introduction of 'Filante' as Official City Vehicle Considered

Expansion of Electric Vehicle Production and Flagship Models,
Strengthening Global Hub Competitiveness

Renault Korea (President Nicolas Paris) is moving forward with additional investment plans for production facilities in collaboration with Busan City.

On March 23, Renault Korea announced on the 24th that it had signed a business agreement with Busan City (Mayor Hyungjun Park) at Busan City Hall to establish electric-powered vehicle production facilities.

This agreement is part of a new investment plan announced at the 'APEC CEO SUMMIT KOREA 2025.' The signing ceremony was attended by President Nicolas Paris and Busan Mayor Hyungjun Park, among others. Renault Korea plans to make additional investments in facilities at the Busan plant to expand production of electrified models.

At the business agreement ceremony for establishing electric-powered vehicle production facilities at Renault Korea's Busan plant, Kwangguk Kim, Head of Sales for the Southeast Region at Renault Korea (from the left), Heejung Sang, Head of Internal and External Strategy at Renault Korea, Nikola Paris, President of Renault Korea, Hyungjun Park, Mayor of Busan, Bongchul Kim, Director of Digital Economy at Busan City, and Dongsuk Park, Director of Advanced Industry at Busan City, are posing for a commemorative photo.

Last year, Renault Korea installed 68 production facilities at the Busan plant, establishing a system that enables the production of internal combustion engine vehicles, hybrids, and pure electric vehicles all on a single line. Currently, the Busan plant produces hybrid models such as the 'Filante,' 'Grand Koleos,' and 'Arkana,' as well as the electric vehicle 'Polestar 4.'

This additional investment is expected to further strengthen the Busan plant's capacity to manufacture electrified models. The plant is structured to allow mixed production of up to four platforms and eight vehicle types, serving as a key manufacturing hub within the Renault Group.

In Renault Group's recently announced mid-to-long-term strategy, the 'futuREady Plan,' Busan has been designated as one of five global hubs to reinforce markets outside Europe. The importance of the 'Made in Busan' production base is also being emphasized.

With this agreement, Busan City is also considering introducing Renault's flagship crossover, the 'Filante,' which is produced in Busan and exported to global markets, as an official city vehicle.

The 'Filante' is an E-segment crossover model that combines the space efficiency of an SUV with the quietness of a sedan. It features a design with an 'illuminated signature lozenge logo' and an interior based on 'first-class lounge seats.' The vehicle is equipped with a hybrid E-Tech powertrain that delivers a maximum system output of 250 horsepower, along with AI-powered connectivity services.

This content was produced with the assistance of AI translation services.