Renault's EV, Hybrid Rises To 40% Of Its Total Sales In Europe: Report

  • French carmaker Renault ADR's RNLSY electric and hybrid vehicle sales in 2022 have almost doubled as a percentage of the brand's European sales.
  • The automaker assured that it is well equipped to shift to electric vehicles (EVs) by 2030, Reuters reported, citing Fabrice Cambolive, the brand's chief operating officer.
  • In 2021, Renault's EVs constituted 25% of its European sales and around a third in the first half of 2022.
  • "In Europe, we will be at 40% this year," said Fabrice Cambolive.
  • Also Read: Renault, Nissan Confirm Discussion About Future Of Alliance
  • The company will put out a plan to create a unit focused on electrification and software at its investor day in November.
  • The recent surge in inflation has led to a fall in new vehicle orders.
  • "For several months, we have observed a drop in orders on a European scale of around 20%", Cambolive added.
  • Also SeeNissan Sells Russian Assets To State
  • Price Action: RNLSY shares closed lower by 2.33% at $5.88 on Friday.
  • Photo Via Company
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsMediaGeneralBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!