'The last thing I'm going to do is to compromise on the margins ... of electric cars,' Renault CEO Luca de Meo told CNBC.
of the companies' 24-year union. Under the reshaped, previously lopsided alliance, Renault will reduce its shareholdings in Nissan from roughly 43% to 15%.
Renault Scénic Vision concept car at Brussels Expo on January 13, 2023 in Brussels, Belgium. The Scénic Vision has an electric motor powered by a 40 kWh lithium-ion battery, that can be recharged by a 15 kW hydrogen fuel cell.Earlier on Thursday, Renault reported that its group operating margin doubled to 5.6% in 2022 from 2.8% a year prior, even as net income swung to a 700 million euro loss. It came after the company in May wrote off a 2.
De Meo said he sees ongoing longevity in the supply and logistical obstacles that have plagued automakers since the onset of the Covid-19 pandemic, especially linked to the"We think that, on the semiconductors, [it] is going to continue to be pretty much of a challenge for another couple of years, especially on the kind of semiconductors that we use in the automotive industry," De Meo told CNBC, estimating that logistical and component hurdles led Renault to underproduce by 300,000...
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