Renault in 2021 announced the collaboration with Lotus on an electric platform for the A110 sports car replacement, which was expected to appear by 2027.
“We have decided not to progress with the joint development of a sports car for Alpine. This is a mutual decision reached amicably,” Lotus said in an emailed statement to Automotive News Europe on Monday.
An Alpine spokesperson did not immediately respond to a request for confirmation.
Bloomberg reported on Friday that Renault was considering using its own technology to develop future Alpine models rather than working with Lotus.
However, Lotus, which is majority owned by China’s Geely, hinted that the two companies could collaborate on other future models. “We have built a strong relationship between the two companies and will continue to discuss other opportunities,” Lotus said on Monday in its statement.
Renault and Geely are collaborating in other ventures, including a combustion-engine company called Horse and production of vehicles at Renault’s factory in Busan, South Korea.