Renault (RNLSY) is trying to strengthen its footprint in China, a country where it doesn’t sell cars, Bloomberg’s Albertina Torsoli and Haze Fan report. The automaker is turning to one of the few markets where battery-powered cars are selling well to gain access to new technology and learn how to make electric cars faster. Renault has hired 200 people in Shanghai, mainly as hardware engineers, with plans to work on developing a sub-€20,000 electric Twingo and plans to bring software engineers on board, people familiar with the situation said to Bloomberg.
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