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Renault competes with manufacturers of Evs based in China, or does it?   When I enjoyed the benefit of a two month visit to Romania last year I had the privilege to drive around Targoviste, Romania and Transylvania in a Dacia Spring - an all electric vehicle from a business wholly owned by Renault and built, entirely, in China.   Though Giles Guillaume makes no mention of the Dacia Spring in his news story for Reuters (https://lnkd.in/exaJ6zbV), he does offer a lot of additional information leading me to conclude a big driver for Renault may be clone the manufacturing capability it already has in China with an entirely compatible effort in the EU. If I am right, then I would further conclude geo-fencing priorities have become a lot more pressing than they were as recently as 6 months ago.   Guillaume's story also gets me thinking Renault is incorporating some of Elon Musk's manufacturing innovations in their EV production process. I expect Renault's competitors are doing the same.   If you are reading this post and have further information about the fate of Renault's Dacia Spring please let us know.   #renault #daciaspring #evs #geofencing #leanmanufacturing

Audi will close its factory in Belgium early next year after failing to find a buyer. Its only current product, the Q8 E-Tron, will be axed at the end of February 2025. Many vehicles have had production slots cancelled and will now not be built.

Renault Group is committed to producing Renault 5 E-Tech electric in France - including its battery from summer 2025. Each vehicle and battery will be assembled at the Douai factory, which was one of the original production sites for the Renault 5. A new chapter for competitive, sustainable local production and a greener future.

The likely options for Renault as #Nissan moves closer to #Honda It will be interesting to see how the French company chooses to divest its shares in Nissan and if it will deepen its alliance with new partners like #Geely of China. India houses the manufacturing alliance facility and Nissan may either buy out Renault’s stake or, alternatively, exit the Chennai operations. Read more: https://lnkd.in/ga9Rh7hD Nissan Motor Corporation Honda Renault Group Murali Gopalan #ETAuto

Renault delivered a solid Q1. Its share price managed already to do as well as Stellantis over 2 years and leaves VW in the dust. Renault also confirms to have an operating margin above 7.5% and FCF above €2.5bn in 2024. Get in touch with our analysts for a one-on-one session for a detailed outlook to fulfil your investment needs at www.alphavalue.com #automotive #Q1financialanalysis

Renault Group just released a strong set of Q1 figures: - Group revenue: €11.7 billion, up 5.9% at constant FX - Automotive revenue: €10.4 billion, up 3.6% at constant FX - Strong orderbook in Europe at 2.5 months of forward sales reflecting the success of our products and a very good start of the year in terms of order intake even though the key product launches are scheduled throughout the rest of the year - 2024 guidance fully confirmed with an operating margin above 7.5% and free cash-flow above €2.5Bn In 2024, we will benefit from a strong momentum with our product offensive and an acceleration on cost reduction... ⚡ Renault Group opened a new chapter with strong fundamentals: performance improvement and efficient capital allocation on the one hand and flexibility on the other. ⚡ Day after day, our organization is gaining in agility and speed in execution which are clear strengths in the current environment. ⚡ Renault Group, with its 3 auto brands Renault, Dacia and Alpine, is in the starting-blocks for the upcoming product offensive!!

#EUclimatepolicy needs a #realitycheck part 2: In his eye-opening letter to #EUcitizens, Renault Group CEO and European Automobile Manufacturers' Association (ACEA) President Luca de Meo calls on #eupolicymakers to set #goals not dictate #technologies to industry. Future car #regulation should stop looking at tailpipe emissions-only and consider the whole #lifecycle to provide new #challenges to #engineers and turn #sustainability into a competitive edge. And #eFuels? - highly promising solution to be further explored. Challenge accepted?

🚗 Renault, VW End Talks on Affordable EV Project ⚡ [This was supposed to be one of the main answers to the low priced Chinese BEVs] 👥 Missed Opportunity: Renault Group and Volkswagen have ended their discussions to jointly develop an affordable full-electric Twingo, a potential partnership that could have united European giants against Asian rivals. 💰 Cost Challenges: Sharing the work aimed to cut costs, a key hurdle for European automakers facing cheaper Chinese EVs entering the market. 🔜 Next Steps: Renault will continue developing its electric Twingo alone, targeting a sub-€20,000 price tag for a 2026 launch, while VW may pursue its own affordable EV solution. 💼 CEO Perspective: Renault CEO Luca de Meo expressed regret over the "lost opportunity" for European industry collaboration but remains open to future partnerships. #Renault #Volkswagen #EVs #Automotive #Collaboration #AffordableEVs https://lnkd.in/e97TVFUv

Renault posted a better-than-expected operating profit for the first half of the year as reported, due to strong pricing and new vehicle launches, and stuck to its full-year profit-margin forecast. The French automaker reported that its first-half sales volume rose +1.9% versus the same period in 2023 due to the strong performance of hybrid models in Europe, its key region. “These record results are the fruit of a considerable work made by the Renault Group teams over the last years. Our efforts to reduce costs and focus our commercial policy on value are reflected in a new line-up, the best one that this company has had in 3 decades. We have implemented the traditional levers of performance improvement, but we have also reconnected the company with the innovative mindset that once made its golden years”, said Luca de Meo, CEO of Renault Group. To find out more visit Foster + Svensson website at https://lnkd.in/dw4TqfN7 #automotive #renaultgroup #electricvehicles #hybridvehicles #design #brand

Renault is bringing the fire back 🔥 Starting with a new series of daily business news to keep you guys updated. Very excited to see the growth in profit margin and market share of Renault in FY 2025. #businessnews #renault #automobileindustry #every #evcars #business #strategy #2025