Renault's Electrification Strategy

Renault is ramping up the development of its next-generation all-electric Twingo, slated for a launch within three years and priced below $22,000 The company has finished the design phase, with the series production of the vehicle expected to commence in 2026 at a facility in Slovenia To achieve a 40% reduction in costs in comparison to its other electric vehicles, Renault is focusing on streamlining parts, manufacturing processes, and utilizing less expensive battery technology, while also aiming to expedite its time-to-market strategy. These cost-efficiency measures will not only benefit the new Twingo but are also anticipated to extend to the Renault 5 and the forthcoming Renault 4 small SUV.