AsianFin – Luca de Meo, CEO of French automaker Renault Group, announced on January 15 that the company has established an R&D center in Shanghai with approximately 150 employees. The center will focus on developing electric vehicles specifically for the European market, including the next-generation all-electric Twingo E-Tech.
De Meo highlighted the strong competitiveness of China’s electric vehicle industry in terms of R&D speed, cost, and technology. He emphasized that collaboration with Chinese manufacturers is crucial for European carmakers. By setting up the R&D center in Shanghai, Renault aims to leverage these advantages in the development of products for the European market, thereby enhancing its global competitiveness.
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