One of the popular vehicles of that period Twingos Renault and Volkswagen had started negotiations to work together on the electric return. Renault CEO Luca de Meo stated in his statement on Wednesday that negotiations have been completed.

de Meo said in a statement. “European industry “I wanted to show that you can work together as a team, so this is a missed opportunity, but perhaps there will be new ones in the future.” he said. There has been no statement from Volkswagen on the matter.

Cooperation initiative against Asian rivals

Volkswagen and Renault The partnership brought together the two largest economies of the European region. The basis of the duo’s collaboration is to be able to compete against Asian competitors. As is known, sales of Chinese auto giants, especially BYD, are increasing.

After the talks were paused, this will allow Volkswagen to work on its own affordable electric car model. Renault, on the other hand, will have to work on its own for the electric Twingo project. The vehicle is expected to enter traffic in 2026. Twingo model Although the electric version has been discussed behind the scenes for a while, it seems that the project will have to wait a while.

What do you think of this? against Chinese companies Do European manufacturers have their own chance? Or is performing together the best alternative they have? We are waiting for your comments.