In a statement given to AutoNews, Renault's CEO, Luca de Meo, said that Renault will develop the new electric car with the help of a Chinese company. The name of this company has not yet been disclosed.
The news comes after Renault's CEO confirmed that the brand is looking to create an inexpensive electric vehicle that would serve as the next generation of the Twingo.
Led by Ampere, Renault's EV division, only the styling and advanced engineering of the new Twingo will take place in France. It's said that Renault is looking to cut development time while also pushing for a car that can be priced below €20,000 ($21,715). Production, however, will take place in Europe, likely at the company's Slovenian plant, which currently produces the Twingo.
Renault's partnership with the as-yet-unnamed Chinese engineering company has one advantage. By partnering with a China-based company, the French automaker hopes to learn how to move quickly on EV development, with China being a hotbed of fast-moving developments in the EV space.
Source: Automotive News
