Reported Earlier, 'VW And Renault End Talks To Develop Affordable EV, Sources Say' - Reuters News
Portfolio Pulse from Benzinga Newsdesk
Volkswagen and Renault have ended talks to jointly develop an affordable electric version of the Twingo car. This decision could impact both companies' strategies to compete with Chinese EV manufacturers. Volkswagen may now develop its own affordable EV, while Renault will continue its Twingo project independently.
May 17, 2024 | 3:41 pm
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Renault will continue developing its Twingo EV independently after talks with Volkswagen ended. The company remains open to other partnerships.
Renault will have to proceed with the Twingo EV project without the cost-sharing benefits of a partnership with Volkswagen, potentially increasing development costs and timelines.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Volkswagen has ended talks with Renault to jointly develop an affordable EV, which may lead to VW developing its own affordable EV independently.
The end of talks with Renault means Volkswagen will have to bear the full cost and effort of developing an affordable EV, which could delay the project and increase expenses.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Volkswagen has ended talks with Renault to jointly develop an affordable EV, which may lead to VW developing its own affordable EV independently.
The end of talks with Renault means Volkswagen will have to bear the full cost and effort of developing an affordable EV, which could delay the project and increase expenses.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100