Renault Expands Partnership With Google To Strengthen Digital Transformation

Renault Expands Partnership With Google To Strengthen Digital Transformation
  • Renault ADR RNLSY has expanded its partnership with Alphabet Inc's GOOG Google to accelerate the group's digitalization. 
  • The partnership aims to design and deliver the digital architecture for the 'Software Defined Vehicle' (SDV).
  • The two partners will develop a set of onboard and offboard software components that are dedicated to the SDV and will grow synergies and use cases related to the group's Move to Cloud strategy.
  • The collaboration will enable Renault Group to reduce costs, improve efficiency, flexibility, and speed of vehicle developments, and increase value for end-users thanks to continuous software innovation.
  • The partnership will support predictive maintenance and better detection and rectification of failures in near real-time if necessary.
  • "Equipped with a shared IT platform, continuous over-the-air updates, and streamlined access to car data, the SDV approach developed in partnership with Google will transform our vehicles to help serve future customers' needs," said CEO Luca de Meo.
  • Price Action: RNLSY shares closed higher by 4.38% at $6.32 on Monday.
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