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What Renault's new EV reveals about the global auto industry
French carmaker Renault, which exited the Chinese market in 2020, developed its new electric Twingo in Shanghai's ACDC Center over 21 months—half its typical development cycle—leveraging China's fast, cost-efficient EV development ecosystem. The model, now in production in Slovenia and priced under €20,000, underscores a broader shift in the global auto industry where legacy manufacturers are adopting China-centric practices to accelerate development, reduce costs, and compete with Chinese rivals.
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- Apr 29, 2026, 12:00 AM
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- Apr 29, 2026, 12:23 AM
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What Renault's new EV reveals about the global auto industry
Apr 29, 2026, 12:00 AM