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Breakingviews - Carmakers are poised for EV race to the bottom
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Electric-car makers' seemingly smooth road may soon be littered with potholes. On Thursday, the near 10 billion euro carmaker Renault appeared to have finally turned a corner after a painful pandemic. The French company, led by CEO Luca de Meo, grew revenue by 30% in the first quarter to 11.5 billion euros, above analysts' consensus. Electric vehicle demand pushed Renault's order book to record levels, while de Meo was able to drive prices up in the three months ending March 31.
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