Renault to list electric car unit on stock market

  • 📰 RTEbusiness
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 61%

Business News News

French automaker Renault announced a major reorganisation today, splitting its operations into a new electric vehicle unit and a separate internal combustion engine division with China's Geely.

The flagship division of its revamp, electric vehicle and software entity Ampere, was being prepared for an initial public offering on the Euronext Paris in the latter half of next year at the earliest, it said.

The European Union last month agreed to phase out new CO2-emitting vehicles by 2035, a move set to turbo-charge the production of electric prototypes on the continent. The groups will share the division to design, develop, produce and sell components and systems for hybrid and internal-combustion vehicles, employing 19,000 people across Europe, China and South America.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Question is though are we retiring the complete combustion engine world totally ?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 16. in BUSİNESS

Business Business Latest News, Business Business Headlines