Renault Korea to produce BEVs from 2028 [Yahoo! Finance]
RENAULT SA UNSP/ADR (RNLSY)
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Source: Yahoo! Finance
company announced earlier this year that its plant in Busan has been designated as a global production hub for the group's D- and E-segment models, as well as for next-generation battery electric vehicles (BEVs). Speaking at a press conference in the South Korean capital Seoul this week, Renault Korea's recently appointed CEO, Nicolas Paris, confirmed that his company plans to launch its first software-defined vehicle (SDV) in South Korea in 2027, while local production of battery electric vehicles is scheduled to start at the Busan plant in 2028. The forthcoming SDV is expected feature Renault's AI-based OpenR Panorama system, offering Level 2++ autonomous driving in urban areas and on highways, as part of the company's shift towards ‘AI-defined' vehicles. Nicolas Paris confirmed that Renault Korea plans to launch one new model in the local market every year through to 2029, under Renault Group's ‘Future-Ready' strategy, as the subsidiary looks to “gain the capability to design
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