Renault Claims To Accomplish EV Goals Well In Advance

Renault SA RNLSY aims to own an 80% integrated electric vehicle (EV) chain before its initial date of 2030.
Collaboration remained a key aspect regarding thermal engine vehicles, Reuters reports citing CEO Luca de Meo.
Renault upgraded its full-year outlook in July, aiming to improve profitability by delivering results ahead of schedule.
Recently, Qualcomm Inc QCOM, Alphabet Inc GOOG GOOGL Google joined hands to design an in-vehicle experience for Renault's next-generation electric vehicle, the new Mégane E-TECH Electric.
Renault Group will utilize Qualcomm's 3rd Generation Snapdragon Automotive Cockpit Platforms to power the vehicle's technically advanced infotainment system. The Mégane E-TECH Electric will come equipped with built-in Google apps and services.
Renault's half-year worldwide sales fell 29.7%, disrupted by the semiconductor crisis and marked by the shutdown of its activities in Russia.
Renault's worldwide sales in the first half of 2022 declined 12.0% on an equivalent basis (excluding Russia).
Price Action: RNLSY shares closed lower by 6.33% at $5.77 on Wednesday.
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