February 19, 2020 08:49 AM
PARIS -- Renault's budget brand, Dacia, will preview its first full-electric vehicle at the Geneva auto show on March 3.
The Dacia "urban city car" will be launched in 2021-22, Renault told analysts on Feb. 14 when the automaker published its 2019 financial results.
Dacia and Renault executives did not provide further details ahead of the show, but motoring press reports said it will be a version of the City K-ZE electric car that is produced and sold in China by Renault and its Chinese joint venture partners. The City K-ZE is sold in China for about 8,000 euros.
Dacia does not currently have any electrified vehicles in its low-cost lineup, which is based on older technology from Renault Group. The brand is included in Renault's emissions pool, but its vehicles have relatively high CO2 emissions because the brand does not have hybrids or other expensive electrified drivetrains.
A report from analyst Evercore ISI last year found that Dacia had the most ground to make up among mass-market brands to lower its 2018 emissions to 2020 European Union target levels.
Dacia executives have said that any electric car in its lineup must be affordable and priced significantly less than the Renault Zoe electric car, former Renault CEO Thierry Bollore said at the 2019 Frankfurt auto show that Renault was working on an electric vehicle that would sell for 10,000 euros ($10,700) in Europe.
Not a bad price $10,700 for a bare bones Dacia EV base model in Europe that should sell very well when it arrives. Dacia assembled with the lowest cost base workforce in Europe based in Romania. A very reasonable priced electric car especially when you compare it to the Tesla Model 3 that sells for 57,900 Euros ($62,500) in Germany that was No3 best selling car in Europe in December.