PARIS -- Renault's response to low-cost EVs from European rivals and new entrants from China will be the next-generation Twingo, a full-electric city car built in Europe with a price of less than 20,000 euros, CEO Luca de Meo said.
The automaker on Wednesday said it would launch the car in 2026, and de Meo showed the model to investors at a capital markets day here for Ampere, Renault's EV spinoff.
"This is a silver bullet for sustainable urban mobility," de Meo said. He said the car would be developed in a "record" two years to match the speed of Chinese automakers.
Renault described the new Twingo as a "fit-for-purpose urban vehicle" with a monthly cost of less than 100 euros and "best-in-class" energy consumption of 10 kilowatt hours per 100 km, which would be 50 percent better than current small EVs.
In earlier press releases, Renault had referred to the Twingo as the "Legend."