GENEVA -- Renault Group’s emphatic response to the high cost of electric cars built in Europe, the €25,000 Renault 5 small EV, debuted on Monday at the Geneva auto show.
The Renault 5, with its “retrofuturistic” styling, will come with two battery sizes and up to 400 km (250 miles) range, with three power levels. Its price will undercut existing small EVs on the market by thousands of euros.
The high cost of EVs, especially those made in Europe, has been cited as a roadblock to wider acceptance, and Renault says the 5 is a convincing answer to that problem.
“It’s at the heart of the battle to reinvent European industry against competition coming from the East and the West,” CEO Luca de Meo said in a statement ahead of the Geneva show. “With this vehicle we are proving that production in Europe, in France really is possible.”
The production version of the Renault 5 is nearly identical in appearance and dimensions to the concept version shown at the 2021 Munich auto show. The vehicle was developed in just three years, Renault says, instead of the customary four.
The Renault 5 is the first car launched by Ampere, Renault Group’s stand-alone EV subsidiary. It will be built in Douai, France, as part of the automaker’s ElectriCity cluster of car and component factories. Batteries will come from Envision AESC starting next year, with electric motors from Cleon, France. Renault says the 5 will take nine hours to build, faster than even Tesla.