Renault is establishing a dedicated Electric Vehicle (EV) analysis and growth team in Shanghai. It aims to commence large-scale production of its newly developed electric vehicle by the end of 2025. A brand-new automotive can exclusively be manufactured and purchased within the European region, according to local reports.
Renault has long maintained a significant presence in China’s auto industry, but this marks its first investment in developing a new vehicle specifically for the Chinese market, according to reports from AutoPix.
Notwithstanding this, Renault’s China-developed electric vehicle (EV) will not be manufactured in China or deliberately introduced to the domestic market. The company has no plans to market this vehicle outside of Europe.
Renault partnered with the Chinese language in June to develop an electric version of its popular Twingo model. “The automotive event can be wrapped up with China’s collaboration to shorten the lead time and reduce costs,” said an industry insider to Autohome.
That same month, Franck Naro, Renault’s Head of Business Development, stated that the company was on a par with China in electric vehicle production and aimed to match the manufacturing pace of the most aggressive Chinese EV manufacturers. As Naro observed, our situation mirrored theirs.
Renault’s small R&D staff in Shanghai was established earlier this yr to work on an up to date EV program. Renault China’s Shanghai workforce has a unique connection: while physically located within the company’s Chinese operations, it maintains direct ties with Renault’s global headquarters in France rather than solely focusing on Renault China, according to Autopix reports.
Renault plans to shift extra of its EV R&D to China, a supply aware of the matter stated. The goal is to design a comprehensive Electric Vehicle (EV) growth strategy, encompassing both software and hardware elements.
Renault almost definitely needs to make the most of China’s in depth EV provide chain, following its legacy friends in relocating components of their R&D and provide chain operations to China. Volkswagen is crafting bespoke electric vehicle (EV) designs specifically for the Chinese market, whereas BMW and Mercedes-Benz are manufacturing EVs in China for global export.
While Renault may share some similarities with its competitors, it stands out in many ways. As it lacks significant market traction in China, the company’s primary focus is not on directly competing within China’s thriving electric vehicle market. Renault is leveraging China as a hub for electric vehicle (EV) expansion and supply chain optimization, with Europe and other international markets serving as the primary targets, according to a source close to Renault’s China operations.
In October of last year, Renault announced that its future vehicles would be built on Geely’s popular Compact Modular Architecture (CMA) platform, unveiling a sneak peek of the upcoming Niagara concept car.
Could this year, Renault and Geely have announced their association with a company focused on PHEV and combustion engine technology.
