Renault Partners with Chinese Company for New Electric Twingo

Renault is collaborating with a Chinese engineering partner to co-develop a new electric Twingo, aiming for a price tag under €20,000 ($21,715). This move comes after failed discussions with Volkswagen for a similar partnership.

Renault’s Strategy for Affordable EV

Following the breakdown of talks with VW, Renault is focusing on creating an inexpensive electric vehicle to succeed the Twingo. The goal is to address the slowdown in EV sales by offering more accessible options to consumers.

Renault’s CEO Pushes for Collaboration

Renault’s CEO, Luca de Meo, has urged European automakers to unite and form an alliance similar to Airbus to compete with Chinese EV imports. The collaboration with a Chinese partner is seen as a strategic move to accelerate EV development.

Development and Production Plans

The new Twingo will be developed in China by Renault’s EV division, Ampere, with styling and advanced engineering taking place in France. Production is expected to occur in Europe, potentially at Renault’s Slovenian plant.

Unrelated to Previous Talks

Renault clarifies that the decision to partner with a Chinese company is independent of the discussions held with VW earlier. The collaboration aims to leverage China’s expertise in fast-paced EV development.