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Renault leverages Shanghai operation for cars aimed at markets outside Europe
Renault leverages Shanghai operation for cars aimed at markets outside Europe

South China Morning Post

time25-05-2025

  • Automotive
  • South China Morning Post

Renault leverages Shanghai operation for cars aimed at markets outside Europe

French carmaker Renault Group is using its Chinese development centre to design new models aimed at markets beyond Europe , a senior executive said, as the company seeks to cut production costs and accelerate development by applying insights from the mainland market. The company launched its Advanced China Development Centre (ACDC) in Shanghai last year, which employs around 200 people who are focused on developing electric vehicles (EVs) for the European market. 'ACDC is growing into a very important engineering centre, and we want it to work for the globe,' said Vincent Piquet, chief financial officer at Renault Group's EV division Ampere, in an interview last week. Piquet said the Shanghai operation was working on developing battery-powered models for Ampere and Renault to sell to markets outside Europe. Renault operates in more than 100 countries and regions worldwide, with a primary focus on Europe. Brazil and South Korea are also major markets for the company. His comments came as the rise of Chinese EVs in Europe has forced the bloc's carmakers to re-evaluate their strategies for survival. With support from the Shanghai operation, Renault developed a more affordable version of the electric Twingo car in just 21 months, significantly shorter than the previous three- to four-year cycle. Priced at less than €20,000 (US$22,646), the model is set for release in 2026 in Europe. The Shanghai centre also allowed for the rapid production of a new EV for Renault's budget brand, Dacia, in just 16 months, the fastest development of a model in the group's history. The company expects its cheaper EVs to compete with BYD's Seagull and Nio's Firefly in the European market.

Renault leverages Shanghai development centre for cars aimed at markets outside Europe
Renault leverages Shanghai development centre for cars aimed at markets outside Europe

South China Morning Post

time25-05-2025

  • Automotive
  • South China Morning Post

Renault leverages Shanghai development centre for cars aimed at markets outside Europe

French carmaker Renault Group is using its Chinese development centre to design new models aimed at markets beyond Europe , a senior executive said, as the company seeks to cut production costs and accelerate development by applying insights from the mainland market. The company launched its Advanced China Development Centre (ACDC) in Shanghai last year, which employs around 200 people who are focused on developing electric vehicles (EVs) for the European market. 'ACDC is growing into a very important engineering centre, and we want it to work for the globe,' said Vincent Piquet, chief financial officer at Renault Group's EV division Ampere, in an interview last week. Piquet said the Shanghai operation was working on developing battery-powered models for Ampere and Renault to sell to markets outside Europe. Renault operates in more than 100 countries and regions worldwide, with a primary focus on Europe. Brazil and South Korea are also major markets for the company. His comments came as the rise of Chinese EVs in Europe has forced the bloc's carmakers to re-evaluate their strategies for survival. With support from the Shanghai operation, Renault developed a more affordable version of the electric Twingo car in just 21 months, significantly shorter than the previous three- to four-year cycle. Priced at less than €20,000 (US$22,646), the model is set for release in 2026 in Europe. The Shanghai centre also allowed for the rapid production of a new EV for Renault's budget brand, Dacia, in just 16 months, the fastest development of a model in the group's history. The company expects its cheaper EVs to compete with BYD's Seagull and Nio's Firefly in the European market.

Renault still open to supply technology to rivals to make cars cheaper, CEO says
Renault still open to supply technology to rivals to make cars cheaper, CEO says

Zawya

time20-05-2025

  • Automotive
  • Zawya

Renault still open to supply technology to rivals to make cars cheaper, CEO says

French automaker Renault is willing to supply technology to other carmakers to help increase the total output of vehicles with shared features that make them cheaper to manufacture, CEO Luca De Meo said on Tuesday. De Meo, an Italian national, told a parliamentary hearing in Rome that Renault was not discouraged by its recent failed attempt to cooperate with Germany's Volkswagen. "We remain fully open," he said. Renault, which over the years has cooperated in specific areas of the market with several of its rivals, including Mercedes and Fiat, last year started discussions with Volkswagen over a plan to jointly develop an affordable electric version (EV) of the Renault Twingo small car. Europe's largest automaker walked away from talks after a few months. De Meo said on Tuesday that sharing technologies - including platforms, the architectures that can underpin several different models - could prove particularly useful in the areas of small cars and commercial vehicles. "These normally require huge investments for small margins," he said. Last week, in a joint appearance with Stellantis Chairman John Elkann, De Meo said Renault was not making money on some small cars, adding that between 2015 and 2030 regulations will increase the cost of a medium-sized Renault-built car by 20% and for small cars by 40%. (Reporting by Giulio Piovaccari, Editing by Louise Heavens)

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