Renault’s Robust EV Prices, Lower Costs Help Offset Demand Dip
- CFO says higher margins on new EV models following cost cuts
- Europe’s EV market slumps after governments remove subsidies
Renault Megane E-Tech EVs at the company’s showroom in Paris.
Photographer: Benjamin Girette/BloombergThis article is for subscribers only.
Renault SA is benefiting from robust pricing and cost discipline amid continued demand for a range of models such as the electric Megane E-Tech, even as rivals suffer from a slower electric-vehicle market.
“We are sticking to a policy of stable prices,” Chief Financial Officer Thierry Pieton said Tuesday on a media call . “We have managed to lower costs by quite a bit — our new models come at a higher margin for us and at a lower price for our customers.”