TSLA - Renault makes a key EV decision: To battery swap or not

As it looks to deepen its presence in the electric car market, Renault (RNSDF) is considering introducing battery-swapping capabilities, which would significantly cut waiting times at recharging stations. "It's not decided, but I see it as an interesting opportunity," CEO Luca de Meo told the FT. "We need to find a pragmatic solution, but from a business point of view, there's a point separating the battery from the car." The French automaker is part of the Renault-Nissan-Mitsubishi Alliance, which is one of the biggest car manufacturers in the world and a leader in EVs (think the pioneering Leaf and best-selling Zoe).Backdrop: Interestingly enough, Renault was once a trailblazer in battery swapping technology for electric cars. Starting in 2010, the French company became the primary partner for Better Place, an Israeli startup that hoped to revolution the e-mobility industry. It initially set up shop in Israel, Denmark and Hawaii, but was

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Renault makes a key EV decision: To battery swap or not