Renault bets on re-born Twingo to sell electric car for under €20,000
Renault’s pitch showed a “highly impressive business”, Bernstein analysts led by Daniel Roeska said, adding that the new Twingo provides class-leading battery efficiency at a lower price than any of its peers.
Renault will rejuvenate the Twingo for the electric era as part of broader efforts to show its electric vehicle business can quickly bring new plug-in models to market.
The French carmaker is now embarking on another big gamble 125 years after its launch, reckoning it can achieve something that’s largely eluded the industry: Build affordable electric vehicles and make money on them.
