RNSDF - Renault SA reports Q3 revenue EV car sales surge 150% in Q3

Renault SA (RNSDF): Q3 revenue of €10.37B, down 8.2% Y/Y vs. consensus of €10.42B.The Group sold 806,320 vehicles in the third quarter, down 6.1%.With ZOE (electric vehicle) sales up more than 150% in the third quarter, the Group is on track to meet its CAFE2 targets for 2020.Luca de Meo, CEO of Renault, declared: "This third quarter highlights the change in our commercial policy, which now focuses on profitability rather than volumes. Our EV performance, our E-TECH hybrid models which have been very well received, our liquidity reserves and our positive spirit give us confidence in the Group's ability to start its recovery."Press Release

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Renault SA reports Q3 revenue, EV car sales surge 150% in Q3