Streetbeat News

RNSDF

Renault S.A.

https://group.renault.com/

CEO

Luca de Meo

Industry

Automobile Manufacturing

Open

41.00

Mkt cap

12B

Volume

350

High

42.93

P/E Ratio

8.05

52-wk high

58.20

Low

41.00

Div yield

0.04

52-wk low

36.71

Geely Automobile Holdings Ltd (OTC:GELYY) plans to introduce its premium electric vehicle (EV) brand, Zeekr (NYSE:ZK), to South Korea by 2026. The company aims to open showrooms in Seoul and Gyeonggi province by the end of next year, with the first model, Zeekr 001, expected to be delivered in early 2026. Geely faces challenges due to South Korea's new rule favoring EVs with higher recycled metal content. Geely has also partnered with Korea's SK Group and Posco International Inc. for battery development and sales. GELYY shares closed higher by 2.67% at $22.66 on Wednesday.

Portfolio Pulse from Shivani Kumaresan

July 05, 2024 | 3:02 pm

The European Commission has approved a €2 billion Italian state aid to support STMicroelectronics (NYSE:STM) in establishing a chip manufacturing facility in Catania, Sicily. The plant will produce Silicon Carbide (SiC) power devices, contributing to Europe's technological self-sufficiency and digital sovereignty. The project aims to enhance the supply and resilience of semiconductor technologies crucial for digital and green transitions.

Portfolio Pulse from Shivani Kumaresan

May 31, 2024 | 1:09 pm

Volkswagen has exited discussions with Renault on a joint affordable EV project. Renault will continue developing the electric Twingo independently, while Volkswagen plans its own low-cost EV strategy. This development highlights the competitive pressure from Chinese automakers in the European market.

Portfolio Pulse from Shivani Kumaresan

May 17, 2024 | 3:52 pm

European automotive giants Volkswagen AG (OTC:VWAGY), Renault SA (OTC:RNSDF), and Stellantis NV (NYSE:STLA) are considering a partnership to produce affordable EVs in response to competition from Chinese EV makers and Tesla. This move aims to address the challenges posed by the growing dominance of Chinese EVs, supported by state subsidies, and the competitive pressure from Tesla. The European Commission is investigating Chinese EV manufacturers for potential unfair advantages and considering tariffs on Chinese EV imports, which could benefit European automakers.

Portfolio Pulse from Benzinga Neuro

February 21, 2024 | 12:23 pm

Stellantis (NYSE:STLA) Chairman John Elkann refuted rumors of a potential merger with Renault (OTC:RNSDF), stating there are no plans for such a merger and emphasizing the focus on executing Stellantis's long-term business plan. This comes after speculation fueled by a report suggesting the French government was considering a merger between the two automakers. Meanwhile, Renault postponed the IPO of its EV and software arm, Ampere, planning to fund its development until 2025.

Portfolio Pulse from Benzinga Neuro

February 05, 2024 | 11:59 am

Stellantis Chairman John Elkann has publicly stated that the company has no plans for mergers and acquisitions, specifically addressing rumors about a potential merger with Renault.

Portfolio Pulse from Charles Gross

February 05, 2024 | 9:50 am

Renault Group has postponed the IPO of its EV and software arm Ampere due to unfavorable stock market conditions. Initially planned for the first half of 2024, Renault now aims to fund Ampere until it reaches breakeven in 2025. The decision follows Renault's ability to generate sustainable cash flow, as demonstrated by its 2023 results. Ampere will concentrate on reducing EV costs and launching new vehicles.

Portfolio Pulse from Anan Ashraf

January 30, 2024 | 9:15 am

Ryanair CEO Michael O'Leary stated that passengers are not concerned about flying on Boeing 737 aircraft despite recent safety issues. The FAA grounded 171 MAX 9 jets after a cabin panel incident on an Alaska Airlines flight. O'Leary confirmed that the issue does not affect Ryanair's MAX 8 or the MAX 10 models on order. He expressed confidence in Boeing's leadership but noted quality control issues at Boeing and supplier Spirit Aerosystems. Ryanair's stock (RYAAY) is trading higher by 0.89% premarket.

Portfolio Pulse from Nabaparna Bhattacharya

January 11, 2024 | 12:55 pm

Renault SA is in talks with potential partners, including Volkswagen AG, to develop the new Twingo electric vehicle (EV), aiming to finalize a partner by early 2024. Renault's finance chief highlighted the goal of democratizing the EV market with the Twingo EV 'Legend', priced under €20,000. The average retail price of an EV in Europe is significantly higher than in China, as reported by JATO Dynamics. Renault's shares (RNLSY) saw a slight decline of 0.45% to $8.11.

Portfolio Pulse from Shivani Kumaresan

December 11, 2023 | 5:01 pm

Volkswagen AG (OTC:VWAGY) is in preliminary talks with Renault SA (OTC:RNSDF, OTC:RNLSY) to develop an affordable electric vehicle (EV) priced around €20,000. The discussions are at an early stage and may not result in a partnership. The goal is to produce 200,000-250,000 vehicles annually. Renault confirms ongoing talks for cooperation in the small-entry EV segment. European automakers are competing with lower-priced Chinese models, with the average EV price in Europe at over €65,000, compared to €31,000 in China. Renault launched a new electric Twingo model, and Volkswagen plans to launch an EV for about €25,000 by 2025. VWAGY shares are up 0.19% at $13.35.

Portfolio Pulse from Shivani Kumaresan

December 08, 2023 | 5:59 pm

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