Hyperdrive
Renault Aims to Slash EV Production Costs in Half
- Carmaker announces plan to transform manufacturing processes
- Company plans to list its electric-car unit Ampere next year
Renault wants to slash vehicle development times to two years from three years.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Renault SA is deploying artificial intelligence technology to help slash the cost of producing electric vehicles in half by 2027 as the race to make affordable mass-market cars intensifies.
The carmaker also wants to reduce vehicle development times to two years from three years, it said Thursday in a statement laying out a plan to make its manufacturing base more competitive. The measures should cut costs to make internal combustion-engine cars by 30% over the same period.