Renault sets sights on sporty EVs for profit boost [Yahoo! Finance]
RENAULT SA UNSP/ADR (RNLSY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
premium EVs, which could help it fight off looming competition from China and grab share in a category outperforming the rest of the market. European car firms won a brief respite from mounting Chinese competition after the EU said on Wednesday it would impose tariffs of up to 38% on Chinese EV imports. But the duties are only expected to slow a surge in sales planned by Chinese companies who are also building factories in the region. Better known for its mid- to low-end Renault and Dacia cars, Renault plans to roll out seven electric models under its Alpine sports brand to capture higher margins. The first, the compact Alpine electric A290, is based on the Renault 5, with some features of the Alpine sports car that races in Formula 1. It will be priced from 38,000 euros ($41,000), well below Porsche or Ferrari, competing instead with Volkswagen's Audi, BMW, Mercedes and Tesla . The new range will support the brand's growth and international development, Renault said on Th
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