Renault Claims To Accomplish EV Goals Well In Advance

·1 min read
  • Renault SA (OTC: RNLSY) aims to own an 80% integrated electric vehicle (EV) chain before its initial date of 2030.

  • Collaboration remained a key aspect regarding thermal engine vehicles, Reuters reports citing CEO Luca de Meo.

  • Renault upgraded its full-year outlook in July, aiming to improve profitability by delivering results ahead of schedule.

  • Recently, Qualcomm Inc (NASDAQ: QCOM), Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGLGoogle joined hands to design an in-vehicle experience for Renault's next-generation electric vehicle, the new Mégane E-TECH Electric.

  • Renault Group will utilize Qualcomm's 3rd Generation Snapdragon Automotive Cockpit Platforms to power the vehicle's technically advanced infotainment system. The Mégane E-TECH Electric will come equipped with built-in Google apps and services.

  • Renault's half-year worldwide sales fell 29.7%, disrupted by the semiconductor crisis and marked by the shutdown of its activities in Russia.

  • Renault's worldwide sales in the first half of 2022 declined 12.0% on an equivalent basis (excluding Russia).

  • Price Action: RNLSY shares closed lower by 6.33% at $5.77 on Wednesday.

  • Photo Via Wikimedia Commons

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