Electrification is causing major changes in automakers. Some of these changes are structurally important, for example the decision made by some brands. Ford, Separating the business of electric vehicles and combustion vehicles to make new vehicles more profitable and optimize the costs allocated to traditional cars. It seems Renault Group Although the French consortium has not yet approved it, it will be one of the brands that follow this path. However, if he decides to do so, he already has people interested in buying part of his internal combustion car business. Geely Group and an oil company.
as described Reuters Sources aware of the negotiation are one of the difficulties it faces. Renault one of your partners? alliance, nissanwill not be interested in purchasing a share in this segment. The diamond firm plans to control the majority of its future electrical division, according to initial plans.Ampere”, but keep only part of it, approx. 40%, combustion cars. According to initial reports, the group geely i want another 40% and the unnamed oil company, the remaining twenty%.
is planned Renault explain your plans for this part of your business autumngiving more details about all the operations to be derived and how they relate to each other, Nissan and Mitsubishi-partners alliance-, because the first has no intention of joining or following in Renault’s footsteps in the future in the tenth dispute between the two companies.
More funds for electrification
logic seeing you Renault responds to the need for funds to invest in this operation. electrification. division and subsequent sale of parts of the incinerator, Income allows you to share instantly and with your new partners. investments Essential to preserve traditional vehicles while continuing to be released. Savings on both new capital and future investments, electricity distribution the brand’s plans for the future.
According to your plans, Renault It wants to be a 100% electric brand 2030 in Europe and the Alliance plans to invest 23,000 million euros by that year, 35 new models The joint strategies of the three brands, mostly based on a common platform, after that year are unknown. In April, some reports suggested Renault owns a car. 43% of the nissanIt may sell some of this Japanese stake to pay the electrification fee, but there has been no further movement in that direction.
geely It is one of the largest automobile groups in the world. Maximum shareholder Mercedes-Benz AG and owner Volvo Group, Lotus Group Y London Electric Vehicle CompanyThe Chinese consortium is constantly seeking global growth opportunities once its position in Asian markets is secured. Last year, Geely 1.36 million cars all over the world.
If the operation is successful after a future division of their business, this will be the second sale of its assets. Renault a geely in just one year. At the beginning of May, the Chinese group bought 34.02% of Renault Korea, the South Korean division of the French company. 196 million €. For Renault, this maneuver meant lightening the weight of a business unit that was not meeting the group’s expectations in terms of sales, while for Geely South Korea In a strategic move to get closer to some of the biggest battery manufacturers: LG Energy Solution, SK Innovation and Samsung SDI.