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Nissan might partner with Renault on new small EV for Europe

French automaker Renault is in talks with Nissan to help the Japanese company bring to market its own variation of Renault's electric Twingo, as the alliance partners seek to accelerate an inexpensive EV providing to ward off Chinese competition.

An electric version of Renault's popular city automobile, due to reach the market in 2026, is set to be priced at under 20,000 euros ($ 21,700), making it a key slab in the firm's. defence versus low-priced Chinese brand names like BYD.

Renault had actually been in talks with Germany's Volkswagen to. jointly develop the car, sharing costs that are a key difficulty. for European carmakers fighting more affordable Chinese imports.

Those discussions ended in May, however, and the French. company had stated it would continue alone.

The European Union imposed tariffs of approximately 45% on imported. Chinese EVs on Wednesday, however the market says they will not be. enough to stop Chinese firms taking a growing share of the. market.

Nissan has actually currently worked with Renault on its. compact electrical Micra. The Japanese business wishes to enhance its. offering in Europe and minimize time to market, its chief. executive Makoto Uchida stated in a video shown reporters. checking out an Ampere factory in northern France on Wednesday.

Ampere, Renault's professional EV unit, was taken a year. earlier, however prepares to IPO the business were ditched this year amid. weakening demand for EVs.

Renault chief executive Luca de Meo stated there was no reason. to revive the plan unless investors' attitude to EVs changed.

The genuine question is whether we are capable of making. European market competitive with the Chinese. We are trying,. de Meo said at the very same event.

Ampere is likewise dealing with Mitsubishi, the third member of. Renault's automaking alliance, on an electrical C-segment SUV.

Ampere prepares to utilize lithium ion phosphate (LFP) batteries in. its cars and trucks from 2026, which last longer and are more affordable than. nickel and cobalt options.

It is also targeting production of cobalt-free batteries by. 2028 that can compete with nickel manganese cobalt (NMC). technology on energy density and are on par with LFP on cost and. safety.

Renault has actually established a group to study development in China and. work with local partners to accelerate development of its cars.

By 2028, Ampere will have overtaken the very best Chinese. players in product efficiency and expense in an European. environment, said de Meo.

(source: Reuters)