Renault looks to separately list EV business
“Our first goal is first and foremost to continue to run the business better with a dedicated team with a dedicated business model and dedicated allocation of capital and this is what we are focusing on,” he said on an earnings call on Friday. “The team is very engaged in making it happen.”
No final decision has been made on how the split will take place. “At this stage, all options are still on the table, from as simple as showing separate [financial] numbers or in the case of EVs a full IPO,” Pieton said. Renault announced in February that it was planning to split off its internal-combustion powertrain business.
“We’ve had a lot of interest from partners since we made the announcement,” Pieton said. “That project is moving quite significantly.” has recently moved development of some of its engines to shareholder Geely. Renault also collaborates with Geely in South Korea and China.
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