VW may team up with Renault on €20,000 electric car, says daily
By REUTERS | 08 December 2023![](https://da4dkroembtou.cloudfront.net/wp-content/uploads/2023/12/DB2021NR00462_medium.jpg)
BERLIN: Volkswagen is speaking with potential partners, including France's Renault, about cooperating on the development of its €20,000 (RM101,000) electric car, Germany's Handelsblatt newspaper reported on Friday, citing people familiar with the matter.
The German carmaker is interested in cooperating on a platform for the car that it hopes will make battery-powered vehicles affordable for the masses, Handelsblatt reported.
Talks with Renault are still "at a very early stage" and could come to nothing, Handelsblatt cited the sources as saying.
Annual production of 200,000 to 250,000 vehicles is the target for both partners together, according to Handelsblatt.
Volkswagen declined to comment on the report.
A spokesman for Renault said that cooperation was necessary to be competitive with small-entry electric vehicles.
"We are in different discussions but nothing has been finalised," said the spokesman.
European carmakers have stepped up efforts to bring more affordable electric vehicles to market as they face increased competition from US carmaker Tesla and cheaper Chinese models.
The average retail price of an EV in Europe in the first half of 2023 was over €65,000 (RM327,000), according to autos research firm JATO Dynamics, compared to just over €31,000 (RM156,000) in China.
Renault last month announced the launch of a new EV Twingo, called Legend, at less than €20,000, with finance chief Thierry Pieton saying the aim was to democratise the EV market, while Volkswagen in March laid out the details of an all-EV under development for €25,000 (RM126,000), to launch by 2025.
The German firm said at the time it was also working on a €20,000 vehicle, but did not provide further information.
Volkswagen CEO Oliver Blume said last month that the company had not made a decision on producing the car yet but he was convinced it could get there by the second half of the decade.
Tags
Autos Volkswagen
Reviews
![](https://da4dkroembtou.cloudfront.net/wp-content/uploads/2024/07/2024-Hyundai-Tucson-1-6T-Max-1-300x202.jpg)
7.6
Hyundai Tucson 1.6T Max: Punchy powertrain, roomy, premium c...
![](https://da4dkroembtou.cloudfront.net/wp-content/uploads/2024/07/Royal_Enfield_Shotgun_650_1-300x200.jpeg)
6.4
Royal Enfield Shotgun 650: Aiming at the sweet spot
![](https://da4dkroembtou.cloudfront.net/wp-content/uploads/2024/07/2024-07-16-15_04_16-Window-300x190.jpg)
8.0
Mercedes-Benz S 580 e: Plug in to hybrid luxury
![](https://da4dkroembtou.cloudfront.net/wp-content/uploads/2024/07/Chery_Tiggo_9_A-300x200.jpeg)
Chery Tiggo 9 PHEV: A jaw-dropping juggernaut
![](https://da4dkroembtou.cloudfront.net/wp-content/uploads/2024/07/HD_Street_Glide_1-300x199.jpeg)
8.2
Harley-Davidson Street Glide: Slick and comfortable tourer
![](https://da4dkroembtou.cloudfront.net/wp-content/uploads/2024/07/iPhone_0X3A1416-Custom-300x200.jpg)
8.2
Chery Omoda E5: Premium features, 430km range (WLTP)
![](https://da4dkroembtou.cloudfront.net/wp-content/uploads/2024/07/GWM_Ora_07_1-300x200.jpeg)
GWM Ora 07 Performance: Juiced up and ready to go
![](https://da4dkroembtou.cloudfront.net/wp-content/uploads/2024/07/Triumph_Speed_400_A-300x200.jpeg)
6.8
Triumph Speed 400: Fun and easy on the wallet
Videos
![](https://i.ytimg.com/vi/V4OFuw8vpBc/mqdefault.jpg)
Double take: Electric Porsche Macan RWD and Macan 4S add div...
![](https://i.ytimg.com/vi/EqpdLT8QhmQ/mqdefault.jpg)
New Porsche Panamera blazes record time on Nürburgring
![](https://i.ytimg.com/vi/yXgsalFl7uE/mqdefault.jpg)
Maserati's Exclusive Electric GranCabrio Celebrates 50 Years...
![](https://i.ytimg.com/vi/KYkcy37pD-s/mqdefault.jpg)