Transportation
Renault Goes on China Hiring Spree to Boost EV Push at Home
- French carmaker said to have hired 200 workers in Shanghai
- China presence meant to help with R&D, partnerships, suppliers
Renault confirmed its full-year guidance last month, making it an outlier in the industry.
Photographer: Johannes Eisele/AFP/Getty ImagesThis article is for subscribers only.
Renault SA is trying to strengthen its electric-vehicle business at a time of flagging demand by building up its footprint in a country where it doesn’t even sell cars — China.
The French automaker is turning to one of the few markets where battery-powered cars are selling well to access new technology and learn how to make EVs faster. The company has hired some 200 people in Shanghai, mainly hardware engineers working on the development of a sub-€20,000 ($21,106) electric Twingo, and also plans to onboard software engineers, according to people familiar with the situation.