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.
Larger, so-called C segment vehicles are typically
