Renault could sell the internal combustion engine business to the Chinese

That of a spin-off between the division dedicated to endothermic engines (called “Horse”) and the division focused on electric (called “Ampere”) is much more than an idea for Renaultso much so that the company would be ready to present the plan by the end of 2022. “Electric cars and cars with heat engines play two different sports” commented Luca De Meo, CEO of Losanga a while ago.

While waiting to better understand how the birth of the two divisions will take place, it seems that in China there is already someone knocking on Renault’s doors to get a (substantial) piece of the unit dedicated to internal combustion engines. According to Reuters in fact Geely it would already be in talks with the French to buy shares in the new business unit, reaching 40%. Another 20% could end up in the hands of an unspecified person oil giant.

Selling to invest

To sell 60% of the shares in the division dedicated to the development and marketing of models petrol and diesel it would allow Renault to raise cash, thus being able to reinvest the proceeds in the development of its electric strategy, for which we are talking about approximately 10,000 people employed and a future listing on the stock exchange to be carried out in the course of 2023.

Fresh money to develop platforms, engines, batteries and services (one of the new business models in which Renault seems most interested) which could benefit precisely from the participation of an oil company, thanks to which Losanga could develop technologies and infrastructures for mobility green hydrogen. Hydrogen which is part of the French giant’s strategy, as demonstrated by the Scenic Vision concept.

Renault Scenic Vision Concept

Renault Scenic Vision

Nissan is not in the game

The round of shares and stakes between Renault, Geely and the oil company will not see however Nissan among the protagonists. Also according to what reported by Reuters, in fact, the Japanese company would have been consulted by the French company, replying, however, that it was not interested in the matter.

The Alliance would thus be less and less such, at least as far as the endothermic world is concerned, while it will continue to do so development of electric platforms until 2026. From then on, the future appears to be uncertain.

Source: Italia – News by

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