VW, Renault end talks to develop affordable EV

A worker assembles vehicle parts on a production line inside Renault factory, on the outskirts of Tangier, Morocco, Monday, April 29, 2024. Morocco has grown into a car manufacturing juggernaut over the past fifteen years, positioning itself strategically between East and West as the automotive industry transitions to electric vehicles. The country supplies more cars to Europe than China, India or Japan through new highways and an expanded port in Tangier. (AP Photo)

PARIS: Volkswagen (VW) has walked away from talks with Renault to jointly develop an affordable electric version of the Twingo car, in a setback for the European Union carmakers’ efforts to fend off Chinese rivals, four sources familiar with the situation say.

The collapse of negotiations could mean the German carmaker may have to go it alone in developing its own affordable electric vehicle (EV).