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Fortune

Ryan Hogg

Renault boss lament's Volkswagen's inability to 'work as a team' as joint cheap EV plan collapses

Renault Volkswagen de Meo Luca de Meo BYD Europe Geely Stellantis

Luca de Meo, chief executive officer of Renault SA, during a news conference on the Flexis electric vans joint venture in Boulogne Billancourt, France (Credit: Benjamin Girette/Bloomberg via Getty Images)

Renault’s CEO Luca de Meo is no stranger to the “onslaught” of cheap EVs from China. However, his efforts to team up with German competitor Volkswagen to create a viable, European-made alternative have come to nothing.

The two European automotive giants were in talks to develop an affordable version of Renault’s Twingo electric car.

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