How Renault's metaverse will help it to build cars as quickly as Toyota
Close
Toyota has long been held up as the production benchmark in the automotive industry, but Renault now reckons that its digital approach has overtaken the famous Toyota Production System (TPS) that all car makers have adopted in order to make cars quicker, cheaper and more reliably.
'The industry is based on TPS,' said Thierry Charvet, Renault's chief industry and qualify officer, during a recent demonstration. 'But it's based on very steady production.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
34 minutes ago
- Reuters
China's carmakers expanding their presence in Europe
July 8 (Reuters) - Chinese automakers are expanding in Europe, betting on their competitive pricing and advanced technology to break into a market traditionally dominated by European and American brands, amid a global shift towards electric vehicles. This expansion has stoked trade tensions between Brussels and Beijing, including a row over EU tariffs on Chinese-made EVs, imposed to protect European producers. The following Chinese carmakers have expanded their footprint in Europe: BYD: BYD ( opens new tab is building an electric car factory in southern Hungary and has announced a new plant for electric buses and trucks in the north of the country. The automaker has launched car sales across most of Europe. In April, BYD for the first time sold more EVs in Europe than Tesla (TSLA.O), opens new tab, with 7,231 battery-powered electric vehicles (BEV) sold over the month, according to a report by JATO Dynamics. CHERY AUTOMOBILE: Chery ( said on July 8 it would launch sales of its Chery brand in Britain with two new SUV models in the coming weeks. It already launched its Omoda brand in Britain in August 2024 and the Jaecoo brand in January 2025. Chery has launched the Omoda and Jaecoo brands across half a dozen European markets, including Spain, Italy and Poland. CHONGQING CHANGAN AUTOMOBILE: Changan ( opens new tab launched operations in Europe in March and said it plans to start car sales in 10 markets on the continent this year. The company plans to build a European factory to support future sales on the continent and is considering possible locations for the plant, an executive told Reuters on July 2. GEELY AUTOMOBILE: Geely ( said on July 2 it would launch the Geely brand in Britain at the start of the fourth quarter of 2025 with the sale of its electric EX5 SUV. The group is established in Europe through carmakers Lotus, Volvo Cars and Polestar, in which it is the majority shareholder. Volvo Cars produced 2.5% of the European cars registered between January and May 2025, according to data from the European Automobile Manufacturers' Association (ACEA). Two of Geely's other Chinese brands, Zeekr and Lynk & Co, already operate in a handful of European markets. NIO: Nio ( opens new tab said in April it would launch an EV from its Firefly brand in Europe in the third quarter of 2025. Nio's progress in Europe has been slower than expected due to sales and service network challenges, CEO William Li said. SAIC MOTOR CORP: SAIC Motor ( opens new tab sold 126,116 units in Europe between January and May, the ACEA said, representing 2.3% of the European car registration on the period. The company's sales come mainly from its MG Motor brand as well as from Maxus. XPENG: EV maker Xpeng ( opens new tab said in June it was looking at more aspects of its existing collaboration with Volkswagen ( opens new tab such as joint procurement, charging and different car models. It currently develops advanced chips for VW cars. The automaker has launched sales in a number of European markets, including in Britain in January. ZHEJIANG LEAPMOTOR TECHNOLOGY: Leapmotor ( opens new tab plans to roll out vehicles equipped with its smart-driving technologies in Europe next year, its senior vice president said in March. The company, partly owned by Stellantis ( opens new tab, formed a joint venture 51% controlled by Stellantis that gives the European car group exclusive rights to export, sell and manufacture Leapmotor EVs outside Greater China.
The Independent
an hour ago
- The Independent
UK bank hit with huge fine for ‘anti-financial crime' failures
Digital bank Monzo has been fined over £21 million by the UK's Financial Conduct Authority (FCA) for significant anti-fraud failures. The FCA found that Monzo allowed customers to open accounts using "obviously implausible UK addresses" such as Buckingham Palace and 10 Downing Street. These shortcomings in Monzo's anti-financial crime measures date back to between October 2018 and August 2020. Monzo also breached a regulatory requirement by failing to prevent the onboarding of over 34,000 high-risk customers between August 2020 and June 2022. The FCA stated that Monzo's financial fraud systems and controls "failed to keep pace" with its rapid customer growth, though Monzo claims "substantial improvements" have since been made.
The Independent
an hour ago
- The Independent
Maternity fashion brand blames rising costs for collapse
Maternity fashion brand Seraphine has entered administration, resulting in the redundancy of the majority of its 95 staff. The company, whose clothes were famously worn by the Princess of Wales, appointed Interpath as administrators on Monday. Seraphine struggled with escalating costs and a challenging consumer spending climate, which proved too difficult to overcome. Despite actively seeking a buyer, the firm was unsuccessful in securing a sale before its collapse. The brand had a stock market flotation in 2021 with a £150 million valuation but was taken private for £15.3 million two years later.
