"Renault's Retro-Inspired EV Takes on Chinese Challengers at Geneva Motor Show"
Renault unveils the Retro 5, a new electric model with retro styling, at the Geneva Motor Show, aiming to prove the popularity and profitability of small electric cars. Despite European manufacturers lagging behind Chinese and US brands in the electric car market, Renault's CEO Luca de Meo remains determined to compete and emphasizes the need for cooperation with Chinese firms, particularly in battery technology, to close the gap. The new Renault 5, priced at £25,000-30,000, faces the challenge of making a profit due to the higher production costs of electric cars.