It was announced that the plug was pulled on the electric Twingo project, which was to be carried out by the French automobile manufacturer and German Renault.
One of the popular vehicles of a period Twingo’s Renault and Volkswagen had started negotiations to work together for its electric return. Renault CEO Luca de Meo stated in his statement on Wednesday that the negotiations have ended.
de Meo said in a statement. “European industry “I wanted to show that you can work together as a team, so this is a missed opportunity but there may be new ones in the future.” he said. There is no statement from Volkswagen regarding the issue.
Cooperation initiative against Asian rivals
Volkswagen and Renault The partnership between the European region brought together the two largest economies. The basis of the duo’s cooperation is to be able to fight against Asian competitors. As it is known, the sales of Chinese automobile giants, especially BYD, are increasing.
After the talks were interrupted, it will enable Volkswagen to work on its own affordable electric car model. Renault, on the other hand, will have to work on its own for the electric Twingo project. The vehicle was expected to be in traffic in 2026. Twingo model Although the electric version has been talked about behind the scenes for a while, it seems that the project will have to wait for now.
What do you think about this? against Chinese companies Do European manufacturers have a chance on their own? Or is acting together the best alternative they have? We are waiting your comments.
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Source :
https://www.reuters.com/business/autos-transportation/vw-renault-end-talks-electric-twingo-renault-ceo-2024-05-22/