Renault and China’s Jiangling Motors will create a new Twingo EV by 2026
By ForGeeks Renault has announced a partnership with a Chinese company to co-develop a new generation of electric car, the Twingo EV, which will hit the market in 2026. The move is aimed at creating a more affordable electric car that will cost less than 20,000 euros, equivalent to about $21,700.
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Purpose and objectives of the partnership
The new partnership aims to reduce development time and costs, enabling Renault to bring its new Twingo EV to market faster. The project is being led by Ampere, the division responsible for the company’s electric vehicles. Although styling details and advanced engineering will take place in France, production of the car is planned to take place in Europe, presumably at a plant in Slovenia where the Renault Twingo ZE is currently produced.
The partnership is aimed at reducing the cost of production, with the Renault Twingo ZE currently being produced.
Context and competitive landscape
This collaboration with the Chinese company comes amid growing competition in the electric car market from Chinese manufacturers such as BYD. The partnership with the Chinese firm should help Renault learn from their expertise in rapid development and lower production costs of electric vehicles. It also allows Renault to compete with the cheaper models filling the market.
The partnership will also help Renault to compete with the cheaper models filling the market.
Project Background
Renault had previously tried to strike an agreement with Volkswagen to jointly develop an affordable electric car, but those talks ended in failure. Renault has since decided to look for a partner in China, which Renault CEO Luca de Meo says is not directly related to the failure of talks with VW. Instead, the company intends to take advantage of its partnership with Chinese engineers to adapt more quickly to changes in the electric car market.
The company is looking to take advantage of its partnership with Chinese engineers to adapt more quickly to changes in the electric car market.
Perspectives and plans
The new Twingo EV will be a key part of Renault’s strategy to produce more affordable and environmentally friendly vehicles. The move also reflects a wider trend among European carmakers looking to partner with Chinese firms to strengthen their position in the electric vehicle market. Renault hopes the new Twingo EV will attract more buyers thanks to its affordable price and advanced technology.
The new Twingo EV will also be the first to be launched in China.
So Renault’s new partnership with the Chinese company marks an important step in the development of affordable electric vehicles and strengthening the company’s position in the global market.
Renault’s new partnership with the Chinese company therefore marks an important step in the development of affordable electric vehicles and strengthening the company’s position in the global market.
