Renault is teasing an upcoming “affordable” city electric car to replace the Twingo as it gears up for its investor’s day tomorrow. But will it be as cheap as the Dacia Spring, Europe’s best-selling (and cheapest!) electric car?
Renault’s new EV unit Ampere will reportedly unveil the new urban EV this week, according to sources who talked to Reuters. The move is a strategic one, to reassure investors in the move toward an IPO in a tough market due to weak EV demands and intense Chinese competition.
Word has it that the new car will be smaller than the already planned relaunch of the R5 hatchback and will replace the Twingo, which will be soon phased out. Whatever it looks like (we have no photos as of yet), it will be built at the Nono Mesto plan in Slovenia, where the Twingo is made, according to the sources. This fact alone separates it from the group’s Chinese-made Dacia Spring (and potentially gives it an advantage in applying to strict EU incentive programs). The new mystery EV will arrive in 2026 and serve as an entry point to Ampere’s EV lineup.
So what will the price be? Chances are it will be priced around €20,000 and potentially even veer closer to €15,000. The new EV will bridge the gap between the already announced R5, which debuts in 2024 and should start at under €25,000, and the Dacia Spring, which is Renault Group’s cheapest EV at just a little over €15,000. The Twingo E-Tech starts around €20,00, and even the new electric Citroën C3 will hit the under €20,000 bar in 2025 with its new downsized version. Size-wise, it will be smaller than the Renault 5, which is 3.92 meters (154.3 inches) long, and will probably be a slight upgrade in luxury terms from the Dacia Spring.
Ampere currently only offers the Megane E-Tech but plans to add five more models by 2030. Renault is moving fast to offer up budget models Renault 5 and 4 coming up soon, in addition to the Scénic Vision. Renault plans to go all-electric by 2030 – and with the French government holding a 15% stake in the company, keeping its high-profile EV business in the country is essential, with the tandem goal of relocating the combustion division outside of France.
Ampere has set November 15 as the date of its investor day, and its CEO Luca de Meo, the former head of the Renault Group, has valued the new EV business unit at up to €10 billion ($10.47 billion). The company, with its three factories in northern France, targets a production capacity of 400,000 EVs to start, ramping up to 600,000 in 2026 and ultimately 1 million in 2031.
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GreenPower Motor Company says it’s received three orders for 11 of its BEAST electric Type D school buses for western state school districts in Arizona, California, and Oregon.
GreenPower hasn’t made the sort of headline-grabbing promises or big-money commitments that companies like Nikola and Lion Electric have, but while those companies are floundering GPM seems to be plugging away, taking orders where it can and actually delivering buses to schools. Late last year, the company scored 11 more orders for its flagship BEAST electric school bus.
As far as these latest orders go, the breakdown is:
seven to Los Banos Unified School District in Los Banos, California
two for the Hood River County School District in Hood River, Oregon
two for the Casa Grande Elementary School District in Casa Grande, Arizona
Those two BEAST electric school buses for Arizona will join another 90-passenger BEAST that was delivered to Phoenix Elementary School District #1, which operates 15 schools in the center of Phoenix, late last year.
“As school districts continue to make the change from NOx emitting diesel school buses to a cleaner, healthier means of transporting students, school district transportation departments are pursuing the gold standard of the industry – the GreenPower all-electric, purpose-built (BEAST) school buses,” said Paul Start, GreenPower’s Vice President of Sales, School Bus Group. “(The) GreenPower school bus order pipeline and production schedule are both at record levels with sales projections for (2025) set to eclipse the 2024 calendar year.”
GreenPower moved into an 80,000-square-foot production facility in South Charleston, West Virigina in August 2022, and delivered its first buses to that state the following year.
Electrek’s Take
Since the first horseless carriage companies started operating 100 years ago (give or take), at least 1,900 different companies have been formed in the US, producing over 3,000 brands of American automobiles. By the mid 1980s, that had distilled down to “the big 3.”
All of which is to say: don’t let the recent round of bankruptcies fool you – startups in the car and truck industry is business as usual, but some of these companies will stick around. If you’re wondering which ones, look to the ones that are making units, not promises.
While some recent high-profile bankruptcies have cast doubt on the EV startup space recently, medium-duty electric truck maker Harbinger got a shot of credibility this week with a massive $100 million Series B funding round co-led by Capricorn’s Technology Impact Fund.
It’s been a rough couple of weeks for fledgling EV brands like Lion Electric and Canoo, but box van builder Harbinger is bucking the trend, fueling its latest funding round with an order book of 4,690 vehicles that’s valued at nearly $500 million. Some of the company’s more notable customers including Bimbo Bakeries (which owns brands like Sara Lee, Thomas’, and Entenmann’s) and THOR Industries (Airstream, Jayco, Thor), which is also one of the investors in the Series B.
The company plans to use the funds to ramp up to higher-volume production capacity and deliver on existing orders, as well as build-out of the company’s sales, customer support, and service operations.
“Harbinger is entering a rapid growth phase where we are focused on scaling production of our customer-ready platform,” said John Harris, co-founder and CEO. “These funds catalyze significant revenue generation. We’ve developed a vehicle for a segment that is ripe for electrification, and there is a strong product/market fit that will help fuel our upward trajectory through 2025 and beyond.”
The company has raised $200 million since its inception in 2021.
There is no state more associated with cars and car culture than Michigan – and the state that’s home to the Motor City has just taken a huge step into the future with the deployment of its first-ever all electric police vehicle.
The 2024 Ford Mustang Mach-E patrol vehicle is assigned to the Michigan State Police State Security Operations Section, and will be to be used by armed, uniformed members of the MSP specializing in general law enforcement and security services at state-owned facilities in the Lansing, MI area.
“This is an exciting opportunity for us to research, in real time, how a battery electric vehicle performs on patrol,” says Col. James F. Grady II, director of the MSP. “Our state properties security officers patrol a substantially smaller number of miles per day than our troopers and motor carrier officers, within city limits and at lower speeds, coupled with the availability of charging infrastructure in downtown Lansing, making this the ideal environment to test the capabilities of a police-package battery electric vehicle.”
In those tests, the EVs have impressed – but the MSP has been hesitant to commit to a BEV until now. “We began testing battery electric vehicles in 2022, but up until now hybrids were the only alternative fuel vehicle in our fleet,” said Lt. Nicholas Darlington, commander of the Precision Driving Unit. “Adding this battery electric vehicle to our patrol fleet will allow us to study the vehicle’s performance long-term to determine if there is a potential for cost savings and broader applicability within our fleet.”