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home / news releases / ev company news for the month of october 2020

RNLSY - EV Company News For The Month Of October 2020

Renault S.A. ADR
  • Record global electric car sales for Sept. 2020, up 91% YoY, with 4.9% market share (3.4% YTD). Europe sales surged 166% YoY reaching 12% share, China sales rise 66% YoY.
  • EV market news - New Jersey follows California in banning gas car sales by 2035. China sets sights on global EV dominance. EVs outsell diesel for first time in Europe.
  • UBS forecasts US$100kWh batteries by 2022, EV/ICE parity by 2024 and says: “There are not many reasons left to buy an ICE car after 2025."
  • UBS says electric cars’ market share would reach 17% by 2025 and 40% by 2030.
  • EV company news - Tesla reports fifth consecutive quarter of profits and plans US$12b CapEx spend. By 2023 BMW Group to offer no fewer than 25 electrified models. Renault Dacia Spring to be Europe's cheapest electric car come spring at ~US$23,000.

For further details see:

EV Company News For The Month Of October 2020
Stock Information
Company Name: Renault S.A. ADR
Stock Symbol: RNLSY
Market: OTC
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