Renault (OTC:RNSDF) Stock, Quote.Headers.trade-ideas

Renault manufactures and sells around 2.3 million vehicles per year. On a global scale, it is relatively small, with just over 2% market share. With around 80% of its revenue sourced from only three brands - Renault, Dacia, and Alpine - in Europe, the company is the third-largest player, with Renault being the third-largest single brand in Europe. Its alliance with Nissan allows it to leverage the scale of 6 million vehicles by sharing platform infrastructure, capacity, and R&D.

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Geely Automobile reportedly plans to introduce its first premium electric vehicle (EV) in South Korea by 2026, targeting a market led by Hyundai and Kia Corp. Geely&#39;s Zeekr will open showrooms in Seoul and Gyeonggi province next year, with deliveries starting in early 2026.

China&#39;s Geely Targets South Korea For Premium EV Debut By 2026: Report

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The European Commission has approved Italian state aid to support STMicroelectronics in building a €5 billion plant in Catania, Sicily. This facility will produce energy-efficient silicon carbide chips for electric vehicles. The aid includes a €2 billion direct grant. This move aims to strengthen Europe&#39;s semiconductor ecosystem and reduce reliance on imports, aligning with digital and green transition goals.

European Commission Backs Italian State Aid To STMicroelectronics&#39;  Chip Plant: Details

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Volkswagen has reportedly ended talks with Renault regarding a joint venture to create an affordable electric Twingo. Despite months of negotiations, they couldn&#39;t reach an agreement, leaving Renault to continue the project independently, aiming for a 2026 release. 

Volkswagen Abandons Renault Partnership On Affordable EV Project: Report

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Renault (OTC:RNSDF) Stock, Quote.Headers.trade-ideas

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