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Renault SA (RNLSY)

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7.98+0.12 (+1.48%)
At close: 03:56PM EDT
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  • Reuters

    Geely to include eight Chinese powertrain plants in Renault JV -sources

    Geely will include eight powertrain plants in China and one in Sweden in its future combustion engine joint venture with Renault and Saudi Aramco, two sources close to the matter said. Code-named "Horse" by Renault and "Rubik" by China's Geely, the JV was signed in November last year to develop more efficient gasoline engines and hybrid systems at a time when the auto industry is focused on the capital-intensive transition to battery electric vehicles. Renault and Geely want the JV to become a leading combustion engine and hybrid engine supplier for the car industry by the end of 2023, with a workforce of 19,000 and 15 billion euros ($16.3 billion) in annual revenue.

  • Reuters

    Renault in talks with Nissan on EV charging in Europe -Renault executive

    French car maker Renault is in talks with Nissan about synergies in electric vehicle charging in 11 European countries, Renault's charging unit CEO told Reuters on Thursday. Talks have already moved forward in France on charging boxes that customers can have installed at home for their Nissan EV, which will be supplied by the Mobilize unit of its partner Renault. "We are in talks about the 11 countries where we are present ... it is up to Nissan to decide," Nicolas Schottey said at the Autonomy Mobility conference about new mobilities in Paris.