Categories LATEST

Renault unveils cheaper all-electric crossover

French automaker Renault has unveiled a new and cheaper all-electric crossover, the Renault K-ZE, as well as three autonomous electric vehicle concepts. Renault has been depending heavily on the cheaper model to combat with Tesla’s (TSLA) Model X around the globe.

The company is building a cheaper electric car for a price tag much lower than the $79,500 Model X starting rate. Despite the unavailability of pricing details, Renault is expected to give more information ahead of the vehicle release, which is likely to be in mid-2019.

However, Renault has planned to launch the cheaper vehicle first in China next year and Europe will get the vehicle in 2020. The company claimed a 250 kilometer or 155 miles driving range for the vehicle. Automotive experts believe that the vehicle could have a range of close to 190 km or 118 miles.

Picture Courtesy: Renault

In addition, the company launched three new autonomous vehicles concept dubbed by Renault as robo-vehicle. Those include EZ-Ultimo for businesses to offer the premium mobility service, EZ-PRO for the last mile delivery, and EZ-Go for shared urban commuting. Renault is bringing out these vehicles to satisfy people who use ride-hailing services.

This news comes in the midst of Tesla producing 80,142 vehicles in the third quarter, which is 50% more than the second quarter. The company has delivered 83,500 vehicles in Q3 out of which 13,190 vehicles were Model X. The electric car maker produced 26,903 Model S and X vehicles in the recently ended quarter.

Meanwhile, Audi has launched the production version of the most-expected all-electric E-Tron Quattro SUV. Audi has given a price tag of $86,700 before incentives for a special Edition One that could hit the shelves of the stores in the second quarter of 2019. This could be followed by a base variant of the battery-powered crossover with a price tag of $74,800.

2020 will be a crucial year for the electric vehicles market as most of the key players are launching their SUV weapons into the market at that time. These include Mercedes-Benz, BMW, Volvo Polestar 2 sedan, Jaguar I-Pace, and General Motors’ (GM) Chevrolet Bolt 2. Apart from this, Model X from the key player Tesla is likely to create buzz at least for the next two years.

Most Popular

Earnings calendar for the week of May 17

Benchmark stock indexes pared their recent gains early this week amid elevated inflation concerns, but regained a part of the momentum later aided by recovery in tech stocks. The Dow

Alibaba (BABA): The good and the bad from the Q4 earnings report

Shares of Alibaba Group (NYSE: BABA) have dropped 10% since the beginning of the year. The company reported mixed results for the fourth quarter of 2021 a day ago, with

Walt Disney (DIS) is focused on reopening, to put up a better show this year

With some of its parks and resorts either closed or operating at reduced capacity even more than a year after the virus outbreak, The Walt Disney Company (NYSE: DIS) is

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top