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Stock impact report

Nissan may partner with Renault on new small EV for Europe [Yahoo! Finance Canada]

RENAULT SA UNSP/ADR (RNLSY) 
NASDAQ:AMEX Investor Relations: group.renault.com/en/finance-2
Japanese firm bring to market its own version of Renault's electric Twingo, as the alliance partners seek to speed up an affordable EV offering to fend off Chinese competition. An electric version of Renault's popular city car, due to reach the market in 2026, is set to be priced at under 20,000 euros ($21,700), making it a key plank in the firm's defence against low-cost Chinese brands like BYD. Renault had been in talks with Germany's Volkswagen to jointly develop the car, sharing costs that are a key challenge for European carmakers battling cheaper Chinese imports. Those discussions ended in May, however, and the French company had said it would continue alone. The European Union imposed tariffs of up to 45% on imported Chinese EVs on Wednesday, but the industry says they will not be enough to stop Chinese firms taking a growing share of the market. Nissan has already worked with Renault on its compact electric Micra. The Japanese company wants to boost its offering in E Show less Read more
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