PARIS: Renault’s chief executive Luca de Meo said on Monday that China was ‘very competitive’ in terms of the electric vehicle market, as Renault also prepared to unveil its new Scenic electric vehicle car model.

“China is very competitive when it comes to the supply chain of electric vehicles….we need to catch up fast,” De Meo told RTL Radio, speaking from the IAA Munich car show.

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De Meo added that Renault would unveil the prices for its new Scenic minivan later in the year, with a launch planned in the first quarter of 2024.

The Scenic will be within the price range for many customers, similar to a hybrid model of the same size and category, he said.