Feb 28, 2024
Retro Renault 5 takes on EV challenge from China
The boss of Renault has said European manufacturers "Can't surrender", despite Chinese and US brands leading the market for electric cars. The company has just launched the new Renault 5, a futuristic EV with explicitly retro styling. The unveiling of the Renault 5 was one of the highlights of the Geneva Show, being held for the first time this year since the Covid pandemic. The new Renault 5 will cost from £25,000-30,000, but even so Mr de Meo admitted making a profit on it would be difficult. "There is an opportunity with electric technology to reduce the size of the battery, especially for small cars."The battery is 40% of the cost.
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