A Chinese group and an oil company with the capital of the future thermal division of Renault, but not Nissan, a historical ally of the French manufacturer? This was reported by two sources familiar with the matter to Reuters.
Renault, majority in electric
As a reminder, and like Ford, Renault would like to divide its activities into two parts, a project that will be detailed in the autumn during a capital market day whose exact date remains to be determined.
A first pole, based in France, would be dedicated to electricity and software. A second entity, based abroad, would focus on thermal and hybrid engines “bringing together gasoline and hybrid engines and transmission sites in Spain, Portugal, Turkey, Romania and Latin America,” writes Reuters.
Renault would remain the majority shareholder of its electricity entity, called “Ampère”, with an IPO planned for the second half of 2023.
In the thermal, “the final scheme is not locked”
But as for the thermal division, or “Horse”, Renault would be willing to settle for the status of reference shareholder, and therefore not majority. In this forecast scheme detailed by Reuters, the French group would have 40% of the shares, as would the Chinese Geely. The tanker would take the rest, up to 20%.
“The final plan is not closed and there are other ways for the construction partners”, specify however the sources of the press agency.
Nissan’s absence raises questions, while the alliance with Renault and Mitsubishi seemed to be on the upswing in recent months, following the trauma of the Ghosn affair and many points of tension.
Renault would act in any case a new merger with Geely, owner of Volvo and shareholder of Mercedes. Last May, the French group sold 34% of its South Korean subsidiary to assemble thermal and hybrid electric vehicles in South Korea, destined for the local market and then for export.
Source: BFM TV
