Renault’s CEO, Luca de Meo, has urged European automakers to unite and form an Airbus-style conglomerate to manufacture affordable electric vehicles capable of competing with Chinese imports entering the continent.
Airbus came together in 2000 as a joint venture between European aerospace companies. It is supported by European governments, and the companies came together to compete against large American companies, like Boeing.
According to de Meo, European automakers need to do something similar to compete with the growing influx of affordable electric vehicles from China, which has emerged as a powerhouse in the segment. According to Autonews, the CEO said “we need to be creative to find a solution” at the Geneva Motor Show this week.
advertisement scroll to continue
Read: $233k Yangwang U9 Supercar Costs $100k More Than Expected, But Should Ferrari And Rimac Be Worried?
“Partners can share the investment and reduce the costs” of producing new vehicles, De Meo argued. He also pointed to past examples when European automakers have cooperated, such as on the “Type 4” platform in the ’80s, which was shared by Alfa Romeo Fiat, Lancia, and Saab.
Renault is already in discussions with Volkswagen to share the AmpR platform that underpins the Renault 5 and will go under the smaller Twingo, an EV the automaker plans to start selling at €20,000 (around US$21,700 at current exchange rates).
According to de Meo, the challenge of such a project would be creating a European value chain that includes batteries, motors, and electronics, like Chinese automakers have done. “The goal is to source everything in Europe at a competitive price,” de Meo said.
He further argued that creating cars quickly will be a major challenge for European automakers. He said that Renault has shortened development times for its EVs from four years to three years for the Renault 5, and will get it down to two years for the Twingo.
“Speed is important against the Chinese,” he said. “We’re in an uncertain world. In the past, with internal-combustion cars, you could foresee what was coming.”
In addition, de Meo argued that EU rules should allow for small Japanese “kei” cars in urban areas, lowering the value-added tax on small EVs with small batteries (rather the bonus, which is currently offered in France), or giving small vehicles free parking to incentivize their use.
Commercials Cooperation Advertisements:
(1) IT Teacher IT Freelance
立刻註冊及報名電腦補習課程吧!
电子计算机 -教育 -IT 電腦班” ( IT電腦補習 ) 提供一個方便的电子计算机 教育平台, 為大家配對信息技术, 電腦 老師, IT freelance 和 programming expert. 讓大家方便地就能找到合適的電腦補習, 電腦班, 家教, 私人老師.
We are a education and information platform which you can find a IT private tutorial teacher or freelance.
Also we provide different information about information technology, Computer, programming, mobile, Android, apple, game, movie, anime, animation…
(2) ITSec
www.ITSeceu.uk
Secure Your Computers from Cyber Threats and mitigate risks with professional services to defend Hackers.
ITSec provide IT Security and Compliance Services, including IT Compliance Services, Risk Assessment, IT Audit, Security Assessment and Audit, ISO 27001 Consulting and Certification, GDPR Compliance Services, Privacy Impact Assessment (PIA), Penetration test, Ethical Hacking, Vulnerabilities scan, IT Consulting, Data Privacy Consulting, Data Protection Services, Information Security Consulting, Cyber Security Consulting, Network Security Audit, Security Awareness Training.
Contact us right away.
Email (Prefer using email to contact us):
SalesExecutive@ITSec.vip