Renault CEO: China very competitive on electric vehicles, Europe needs to catch up

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“China is very competitive when it comes to the supply chain of electric vehicles….we need to catch up fast,” De Meo told RTL Radio, speaking from the IAA (NYSE:IAA) Munich car show.

De Meo added that Renault would unveil the prices for its new Scenic minivan later in the year, with a launch planned in the first quarter of 2024.

The Scenic will be within the price range for many customers, similar to a hybrid model of the same size and category, he said.