RNSDF News and Press, Renault S.A. From 10/18/22

Renault SA ( OTCPK:RNSDF ) is reported to be in the final stages of a deal to lower its stake with Japanese partner Nissan Motor ( OTCPK:NSANY ). Sources indicate that the two auto giants are set to sign a non-binding agreement after details were largely finalized late l...

Summary Renault CEO flies to Tokyo to decide Nissan's future alliance. Nissan could revert its alliance's internal power. Nissan's no to the Geely deal is likely. Despite the French company's good results, we remain neutral. This is not the first time that we are com...

Summary Global electric car sales August 2022 - Up 60% YoY to 15% share. China sales up 92% YoY to 30% share. Europe up 3% YoY to 21% share. US ~6% share. EV market news - BloombergNEF: More than half of US car sales will be electric by 2030. IEA: Global "EVs to account for 60% of...

Summary Qualcomm noted that its automotive design win pipeline rose by over $11 billion in about four months to reach $30 billion. This strong acceleration of design wins and high confidence in reaching over $4 billion in revenues by FY26 demonstrate the importance of the auto seg...

Summary Global electric car sales July 2022 - Up 61% YoY to 14% share. China sales up 112% YoY to 28% share. Europe down 5% YoY to 19% share. US 5% share. EV market news - USA passes the Inflation Reduction Act. China extends NEV purchase tax exemption worth 100 billion yuan to th...

Summary It has been revealed recently that China's SMIC seems to have achieved a technological breakthrough of a significant proportion on 7 nm semiconductors, despite our efforts to restrict enabling technologies. Meanwhile, Russia seems intent on executing a full divorce from We...

The CEO is more confident about 2022 and raised Renault's guidance. Despite the period, the company delivered impressive half-year results. The next catalyst is Renault's CMD this fall, when long-term guidance and EV separation are expected. Almost a week ago, Renau...

Global electric car sales for June 2022 - Up 54% YoY reaching 16% share. China sales up 132% YoY to 28% share. Europe sales down 8% YoY to 21% share. EV market news - US crosses the electric-car tipping point for mass adoption. Reconciliation Bill has $369 billion to fight climate cha...

Renault ( OTCPK:RNSDF ) upgraded its FY outlook after its turnaround plan to improve profitability over sales volumes was delivering results three years ahead of schedule. This is despite challenges the entire sector faces in obtaining the microchips used in eve...

As per the European Automobile Manufacturers’ Association (ACEA), European Union passenger car registrations fell 15.4% to 886,510 units , a lowest month of June on record (in terms of volume) since 1996. In May car registrations dropped 11.2% . As supply...