VWAGY - Volkswagen Explores Affordable EV Market Reportedly Discusses Potential €20000 Electric Car With Renault | Benzinga
Volkswagen AG (OTC: VWAGY) is reportedly in preliminary discussions with French car maker Renault SA (OTC: RNSDF) (OTC: RNLSY) and other potential partners to develop a cost-effective electric vehicle priced at around €20,000 ($21,476).
The talks with Renault are in their nascent stages and may not necessarily lead to a definitive partnership, reported Reuters, citing Germany's Handelsblatt newspaper.
The joint goal with any partner would be to manufacture 200,000-250,000 vehicles annually, the report read.
A spokesperson for Renault emphasized the importance of cooperation in competing effectively in the small-entry electric ...