PRESS RELEASESeptember 29, 2022 Renault Group accelerates its Renaulution strategyCapital Market Day on November 8, 2022 Boulogne-Billancourt, September 29, 2022 - Renault Group will hold a Capital Market Day on Tuesday, November 8th, 2022. On this occasion, Luca de Meo, CEO of Renault Group and Thierry Piéton, CFO of Renault Group, will present an update on the Group's strategy and the mid-term financial outlook of the Renaulution plan. A physical conference will be held in Paris and will be br
PARIS (Reuters) -French carmaker Renault will control 80% of its electric vehicle value chain well ahead of its 2030 target as it develops partnerships in batteries, electric motors and power electronics, its chief executive said on Thursday. Luca de Meo said the research and development costs were too high to go it alone and drew parallels with Apple's business model, which he described as relying on a variety of partnerships when it first ventured into smartphones.
PARIS (Reuters) -Dacia, the low-cost brand of French carmaker Renault, plans to stick to thermal engines for as long as it can while the rest of the group bets strongly on going electric, Chief Executive Denis Le Vot told Reuters. While Renault plans to go fully electric in 2030, Dacia will retain the possibility of making the big jump only by 2035, when fossil fuel engines will be banned in Europe, Le Vot said in the interview, adding that would help hedge the group's electric vehicle push.