The French company is considering the possibility of selling a stake in Nissan to finance the creation of a unit dedicated exclusively to electric vehicles. From 2023 this unit, separate from the one that deals with thermal vehicles, could also be listed
Emiliano Ragoni
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Air of great changes at Renault. According to when reported by Autonews, the French company is considering selling a portion of its stake in Nissan to finance its “run” to the electric car. The French company, which owns a 43% stake in Nissan, would thus find the billions of euros needed for its electric transition by selling a part of the latter. Nissan, sources reported, would be willing to buy a portion of the 1.83 billion shares of the Japanese carmaker Renault owns. But Renault could also find other buyers interested in buying a “slice” of its stake in Nissan. At the moment, the companies have not made any comments.
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renault towards the separation of the electric car businesses
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The cross-holding structure is unequal. In fact, Nissan only owns 15 percent of Renault and lacks voting rights. The latter aspect was one of the sore points that Nissan executives have always badly digested. Groupe Renault is exploring the hypothesis of an initial public offering (IPO) relating to its electric vehicle business. The hypothesis of this division was anticipated by the CEO of the Renault Group, Luca de Meo, who confirmed that he evaluates this separation. According to the Italian executive, Renault could create a so-called New Mobility company, consisting of electric vehicles and its car-sharing unit Mobilize, also contemplating the involvement of a possible partner. The need for a major overhaul of Renault’s business emerged as the company was forced to deal with the crisis due to its withdrawal from Russia, its second largest market.
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renault come ford
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In a statement released last February, Renault said it was considering bringing together its electric businesses and technologies into a dedicated entity in France. At the same time, Groupe Renault is also studying the opportunity to combine its Ice and hybrid engines and transmission technologies and activities in a separate unit with headquarters outside of France. It would therefore be a solution very similar to that adopted by Ford, which recently separated the electric car business from that of combustion vehicles. The creation of a stand-alone unit for EVs and the consequent listing would put Renault in an advantageous position compared to the current context, where the company is forced to face the contingency due to the withdrawal from Russia.
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