PARIS — Renault will search to generate greater than 1 billion euros ($1.20 billion) in gross sales from the so-called “round economic system” by turning its Flins manufacturing unit outdoors Paris right into a analysis, recycling and restore heart.

“Our ambition, by 2030, is to attain extra income [from recycling and repair at Flins] than from assembling automobiles there,” CEO Luca de Meo informed French weekly Journal du Dimanche.

The automaker additionally goals to generate greater than 1 billion euros in turnover within the round economic system, de Meo added.

This represents slightly greater than 2 % of the Renault’s complete gross sales in 2020.

Renault will report its first-quarter gross sales on Thursday.

Renault confirmed final yr that it might stop building cars at the Flins factory and switch the location right into a analysis, recycling and restore heart by 2024 in a transfer to save lots of full-time jobs on the plant.

The cash-losing carmaker stated it aimed to make use of 3,000 folks on the revamped web site by 2030.

The Flins manufacturing unit opened in 1952. It builds the Zoe full-electric automobile and the Nissan Micra hatchback. 

Renault will proceed to construct Zoe fashions at Flins till 2024 and can then consolidate EV output in France at its plant in Douai.

Renault will take the lead in developing the next generation of Micra for Nissan, though there was no announcement on a future manufacturing web site.