Renault electric cars – level 1

20-11-2023 15:00

Renault wants their electric cars to do well. They think that their electric car Ampere will make a lot of money. They want to make 10 billion euros in 2025 and 25 billion euros in 2031.

Renault plans to sell parts of the company in 2024. But it is a bit hard. Not many people want electric cars now. Also, there is strong competition from China. The boss Luca de Meo says that Renault has enough money for Ampere. But selling parts of the company will help them grow faster.

Renault also makes a new electric car Twingo Legend. This car is cheaper than the other electric cars. Renault wants to compete with cheap Chinese cars.

Difficult words: compete (to want to be better than somebody else), competition (the activity when someone is trying to be better than the others).

You can watch the original video in the Level 3 section.

What strategies does Renault have in place to ensure the success of its electric vehicles?


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