Renault steps on the gas during the transformation. In the future, the group wants to rely on five pillars – one of which remains the combustion engine. With this new setup, the French want to work around twice as profitably as before in the long term.
Renault separates electric car and combustion engine business. In the future, the newly founded, independent “Ampere” division will be responsible for the development of battery-powered vehicles, but the e-mobiles will continue to be sold under the Renault brand. In addition, software development is the responsibility of the new division. Renault has announced cooperation with Google and Qualcomm in this area. The electric car division will remain majority owned by the group, but will also be listed on the stock exchange to bring in money. The “Power “, who will set up a joint venture with the Chinese car manufacturer Geely for this purpose, which has so far been operating under the project name “Horse”. The cars are to be sold primarily outside of Europe, for example in Latin America, India, South Korea and North Africa. The joint venture includes 17 factories and three research and development centers with a total of 19,000 employees. It will be based in London and will be up and running next year. The other Renault companies The reorganization of the Renault Group is part of the “Revolution” strategy recently presented at a capital market conference. In addition to the two new business areas for e-cars and combustion engines, three more are planned. “Alpine” as a sporty (especially electric car) brand, “Mobilize” as a provider of financial and mobility services and the company “The future is NEUTRAL”, which is to take care of establishing a circular economy for batteries and all other materials Years with some existential problems and state aid in the corona crisis, the company wants to pay out a dividend again from next year.
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