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Renault shrug off electric car setback

French carmaker Renault said the collapse of a joint venture aimed at making electric cars more appealing would not hold back its plans for battery-powered vehicles.

The news that Better Place had filed a motion in an Israeli court to wind up the company came as Renault was preparing today to hand over the first electric Zoe to construction and telecoms conglomerate Bouygues.

Renault-Nissan alliance chief Carlos Ghosn has ploughed a bigger share of his companies’ cash into the technology than any other mass-market carmaker as the group bets on demand for electric cars, especially in China.

Better Place represents not much more than 1 percent of the alliance’s total electric vehicle volumes said Gilles Normand, Renault’s Asia-Pacific director.

“Which means that it’s not at all a case of bringing our electric strategy into question,” Normand said.


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