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Reading: Volkswagen mulls partnership with Renault for a €20K EV
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EV-a2z > News > Volkswagen mulls partnership with Renault for a €20K EV
News

Volkswagen mulls partnership with Renault for a €20K EV

EV-a2zm
Last updated: 2023/12/10 at 7:27 AM
EV-a2zm Published December 9, 2023 3 Min Read
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German legacy automaker Volkswagen continues to explore potential partnerships for the development of its planned €20,000€20,000 electric car. According to local news platform Handelsblatt, people familiar with the matter disclosed that French rival Renault is currently one of the candidates for the low-cost EV project.

Contents
Report highlightsRace for affordable EVVW introduces the ID2all

NEWS:
🇩🇪🇫🇷
VW considering cooperation with Renault on 20,000-EUR ($21,476)) electric car

– Volkswagen is speaking with potential partners, including Renault, about cooperating on the development of its 20,000-euro ($21,476) electric car.

Reuters$TSLA pic.twitter.com/sdfzInvquU

— Tesla Vidas 🌍 (@VidasL) December 8, 2023

Report highlights

European electric automakers are persisting to bring a true low-cost offering to the region. Excitingly, a potential collaboration between VW and Renault may successfully launch the highly demanded €20,000 EV.

The local report indicated that VW targets an annual production output of 200,000 to 250,000 units for the planned affordable model. Unnamed sources further claimed that the German automaker is seeking a partner for the development of a new vehicle platform that can support the production of mass-market EVs.

However, it must be noted that the discussions remain at a “very early stage.” That said, there is still no certainty about the insiders’ report.

Nonetheless, Renault remarked that cooperation on entry-level models was “necessary to be competitive.”

“We are in different discussions but nothing has been finalised.”

Renault spokesperson (via Reuters)

Race for affordable EV

Electric automakers with a presence in the European market continue to race toward affordable entry-level EVs amid the intensifying price war initiated by American leader Tesla.

Tesla is already developing its promised “low-cost” electric car with a base price of about $25,000. South Korean automaker Kia is also seeking to penetrate the entry-level EV market. According to Electrek, it recently launched the Kia EV5 in China for a base price of about $20,000 (149,800 yuan).

Kia EV5 new pics – interior & specs

Kia is in dire need for EVs for the Chinese car market. All the fancy Kia EVs we know in Europe are not locally produced in China, nor are they imported.

And that makes the new Kia EV5 the first (!) dedicated EV that Kia produces in China.… pic.twitter.com/4PQoeE9mae

— Tycho de Feijter (@TychodeFeijter) October 30, 2023

Renault also introduced the new Legend, which it claims to be the Twingo e-Tech successor. The automaker aims to price the model below 20,000 euros ($21,500).

The legend itself: #Renault Twingo E-Tech 100% electric Prototype.

Unveiled at @Ampere Capital Market Day – our new European #EV & software pure player – Twingo Prototype is the fit-for-purpose urban vehicle with no compromise. Made in Europe, its starting price will be below… pic.twitter.com/3OpkuPQGEr

— Renault Group (@renaultgroup) November 17, 2023

VW introduces the ID2all

Volkswagen unveiled an entry-level model concept in March named ID 2all. It is apparently as spacious as the Golf and as affordable as the Polo model. 

Get ready to meet the all-new, all-electric ID. 2all concept car #VWForThePeople pic.twitter.com/lS6kufj9kM

— Volkswagen UK (@UKVolkswagen) March 16, 2023

VW brand CEO Thomas Shafer noted that the ID 2all concept is “where we want to take the brand.” The automaker expects the production model to cost about 25,000 euros ($27,000).

Sitting below the VW ID.3, the ID 2all concept offers a WLTP-estimated driving range of 280 miles (450 km). It will ride on the entry-level MEB platform with FWD.

Several reports further claim that the German automaker is developing a more affordable model at €20,000, referred to as the ID.1, which may feature 38 or 58 kWh battery packs like the ID 2all. Excitingly, VW expects the ID 2all to join the ten new models it plans to launch in the next three years.

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TAGGED: Electric Vehicle, Europe, EV, Renault, Volkswagen
EV-a2zm December 10, 2023 December 10, 2023
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