Renault, the French automaker, is open to sharing its technology with other car manufacturers, reported Reuters.
This technology sharing initiative is aimed at increasing the total production of vehicles with shared features, making them more cost-effective, according to CEO Luca De Meo.
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Despite a recent unsuccessful attempt to collaborate with Germany’s Volkswagen, De Meo affirmed Renault’s commitment to cooperation.
“We remain fully open,” he stated during a parliamentary hearing in Rome.
Over the years, Renault has collaborated with several rivals, including Mercedes and Fiat, in specific market areas.
Last year, they initiated discussions with Volkswagen to jointly develop an affordable electric version (EV) of the Renault Twingo small car. However, the talks were ended after a few months.
De Meo highlighted the potential benefits of sharing technologies, particularly in the sectors of small cars and commercial vehicles. These sectors typically require substantial investments for small returns.
“These normally require huge investments for small margins,” he explained.
In a joint appearance with Stellantis chairman John Elkann last week, De Meo revealed that Renault was not profiting from some small cars.
He added that between 2015 and 2030, regulations will increase the cost of a medium-sized Renault-built car by 20% and for small cars by 40%.
In another development, Renault unveiled 4 Savane 4×4 Concept at the Roland-Garros French Open tennis tournament.
The new Savane concept comes with ground clearance that is 15mm higher than the standard Renault 4 E-Tech electric.
It also features a second electric motor on the rear axle for permanently available all-wheel drive.
