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Europe's mass-market carmakers face "enormous pressure" from Chinese competition and a changing market, Volkswagen chief executive Oliver Blume said on Tuesday. He renewed calls for more flexible regulation and incentives for local manufacturing. Speaking at an event alongside the Paris motor show, Blume said Volkswagen, Stellantis and Renault, which together make more than 60% of Europe's cars, must build affordable electric vehicles while keeping costs under control. "We cannot build our future on export profits alone," he said. Blume is pushing through the biggest restructuring in Volkswagen's history, including tens of thousands of job cuts and possible factory closures, despite union opposition. Chinese brands are attending the show in record numbers, raising concern among European manufacturers about low-cost imports.

Renault targets 2028 for first Korea-built EV. Published: Oct. 13, 2026 - 15:13:31 Updated: Oct. 13, 2026 - 15:30:18 Ahn Sung-mi French automaker Renault Group plans to launch a South Korean-made electric vehicle with advanced driver-assistance technology in 2028, as it accelerates electrification and looks to boost exports from its Busan plant. The company will introduce a new hybrid model in 2027 before rolling out the EV the following year, Renault executives said during an interview with Korean reporters at the 2026 Paris Motor Show on Monday, where the automaker unveiled its new electric van concept E-Space. "South Korea is a very important and strategic market for us," said Ivan Segal, global sales and operations director of the Renault Brand, emphasizing the need to broaden the company's lineup beyond its existing hybrid offerings. Segal pointed to rising demand for electrified vehicles in South Korea, saying the company must strengthen its electric vehicle portfolio to remain competitive. Renault currently produces hybrid-powered models at its Busan plant, including the Grand Kolos SUV and the Filante crossover, but has yet to manufacture a full electric model of its own at the facility. Philippe Brunet, Renault Group's chief technology officer, said the automaker intends to equip the next-generation EV with the advanced system as part of its broader push to integrate artificial intelligence into vehicle technology. "That is our intention," Brunet said when asked whether the 2028 model would feature Level 2++ capabilities, which permit hands-off driving while still requiring driver supervision. He added that Renault would adopt Level 2+ or Level 2++ technology depending on the vehicle model, while also developing its own urban navigation-assisted driving system, known as City NOA. "We need to reach as many customers as possible, and to do that, we must be competitive, particularly on price," Brunet said. "That doesn't mean we want to build inexpensive cars. We aim to offer the latest technology at competitive prices. That is our priority." Renault also aims to make its Busan plant a bigger global production and export hub, especially for midsize and larger vehicles. Segal described the facility as one of the group's most competitive manufacturing sites for C and D segment vehicles, stressing its potential to serve markets beyond South Korea. "Our priority is to meet demand in the Korean market through the Busan plant," Segal said, adding that the facility is capable of producing vehicles for export worldwide. The company sees South America as a promising destination, particularly Colombia, which has a free trade agreement with South Korea. Europe could also emerge as a potential export destination, he added. [email protected]

Renault Group and EDF Group join forces to make electric vehicles more accessible and affordable for French consumers. Boulogne-Billancourt and Paris - WEBWIRE - Tuesday, October 13, 2026 * Renault Group and EDF Group are joining forces to offer an integrated solution combining an electric vehicle, a home charging station, and smart charging management. * The two partners will notably leverage bidirectional charging technologies, including Vehicle-to-Grid (V2G), enabling Renault Group electric vehicles to become active participants in the energy system. This technology provides flexibility to the electricity grid while reducing vehicle charging costs, delivering savings equivalent to up to 10,000 km of driving per year. * * This partnership is built on a shared conviction: the growth of electric mobility will depend on charging solutions that are simple, accessible, and deliver tangible benefits to French households' budgets. Renault Group, the leading seller of electric vehicles in France, and EDF, the world's leading low-carbon energy company, together with its subsidiaries IZI by EDF and DREEV (a subsidiary of EDF Business Services), announce the signing of a partnership to accelerate the development of smart charging solutions for electric vehicles. By combining the expertise of two major French industrial players, this partnership aims to make electric mobility simpler and more affordable on a daily basis. In particular, through smart and bidirectional charging management, it will help facilitate the adoption of electric vehicles in France, improve the purchasing power of French consumers, and strengthen the country's energy sovereignty. Renault Group and EDF Group are developing technologies that enable electric vehicles from the Renault, Alpine and Dacia brands to return part of the electricity stored in their batteries when plugged in. Thanks to bidirectional charging, energy can be fed back into the grid. The vehicle becomes more than just a means of transportation: it can also help supply electricity for other uses. For owners, this translates into savings and enhanced value from the energy stored in the battery, without affecting the vehicle's day-to-day use. This partnership aims to accelerate and simplify the deployment of electric vehicles by offering private customers, through Renault Group's dealership network, a comprehensive package including home charger installation operated by IZI by EDF and a smart charging management service. The benefits for customers are clear: greater convenience and lower electricity bills. The agreement covers three areas of cooperation for single-family homes: * Commercialization and installation of charging stations; * Development of services to facilitate and optimize electric vehicle charging; * Creation of new services enabling the vehicle's energy to power certain household uses or be fed back into the electricity grid when needed. These solutions are expected to be rolled out by summer 2027. "Beyond technological innovation, this partnership provides a concrete response to two major concerns for French consumers: purchasing power and the energy transition. By helping to better manage charging costs and creating new opportunities to unlock value from energy, Renault Group and EDF Group, two French leaders, aim to make electric mobility even more attractive and accessible across the country," said Jérôme Faton, VP Customer Experience & Energy, Renault Group. "This alliance demonstrates how two leading French companies can join forces to advance competitive, sovereign and low-carbon mobility. EDF Group has extensive expertise in smart charging solutions, already deployed by our subsidiary Dreev to more than 100,000 customers across France and Europe. By combining innovative energy technologies and services tailored to consumers' needs, Renault Group and EDF Group are helping strengthen a national industrial ecosystem that creates value, jobs and innovation," said Christelle Vives, President of EDF Business Services. (*) Depending on the vehicle model concerned, its energy consumption, and the amount of time it remains connected to the home charging system. WebWireID362751 This news content was configured by WebWire editorial staff. Linking is permitted. Distribute your news. * Every day, hundreds of individuals and companies choose WebWire to distribute their news. * WebWire places your news within numerous highly trafficked news search engines generating leads and publicity. * Submit Your Release Now!