Renault R5 profitability challenges industry trends on small electric cars

Renault Group (RENA.PA) is achieving better margins on its compact electric R5 than ​larger models like the Megane or Scenic, ‌CEO Francois Provost told French business daily Les Echos this week.

European carmakers have frequently said cumbersome regulations in ​Europe and an immature battery supply chain make ​it hard to turn a profit on ⁠electric vehicles, particularly with fierce competition from Chinese ​counterparts....