Renault to Develop Much of Sub-€20,000 Electric Car in China
- Carmaker said to partner with Chinese company on Twingo
- European automakers rushing to produce more affordable EVs
An employee inspects a Renault Twingo automobile on the production line at the Renault plant in Novo Mesto, Slovenia.
Photographer: Oliver Bunic/BloombergThis article is for subscribers only.
Renault SA will develop much of its sub-€20,000 ($21,700) Twingo in China, part of a push by the manufacturer to bring affordable electric vehicles to the market faster, according to people familiar with the situation.
The French automaker plans to partner with a Chinese company on the battery-powered city car that’s due to be sold from 2026, said the people, who asked not to be identified as the plans aren’t public.