Renault is building R&D team in China to develop EVs for Europe, local report says
Renault is setting up an EV research and development team in Shanghai to target mass production of a new EV model by the end of 2025 , but the new model will be built and sold only in Europe , and is not planned to be launched in China, according to a local media report. Here what we know Renault is building an EV R&D team in Shanghai to target mass production of a new EV model by the end of 2025, but the new model will be built and sold only in Europe and is not planned to be launched in China; manufacturing and sales will be in Europe, according to a local media report. This is the first time the French automaker will invest in the development of a new car in China , In June, it was reported that the Chinese would help Renault with an electric version of Twingo. “The development of the car will be done together with the Chinese partner to reduce the development lead time and costs ,” a project insider told. Renault’s small R&D team in Shanghai was established...