The French carmaker said it would cut up to 2,400 engineering jobs as the company tries to catch up to Chinese electric vehicles in terms of price and production speed.

Glad to hear they’re taking China seriously now in 2026…

European carmakers face intense competition from China

Renault, like other European automakers, is struggling with competition from Chinese brands, especially when it comes to electric vehicles. Manufacturers in China are known for their low costs and shorter development times.

In March, Renault CEO Francois Provost announced a major restructuring, stating his intention to “compete with Chinese vehicle manufacturers in terms of innovation, cost and speed.”

Renault also plans to launch 36 new models within the next five years, slashing development time to just 24 months.

Timelines for traditional European car makers have usually been much longer.

Through collaboration with Chinese engineers at its research and development center in China, Renault has already been able to reduce the development time for the new Twingo to 21 months.