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25 Apr
16:04

Renault Group mulls splitting EV business: reports

French carmaker Renault Group is reportedly mulling the split of its electric vehicle business, which could potentially mean an initial public offering (IPO) from mid-2023. Reports emerged on Friday as the company posted its Q1 2022 results and a revenue higher than expected, supported by higher EV sales. Citing Renault’s finance chief Thierry Pieton, some suggested that separation plans were subject to Nissan’s approval. The Japanese carmaker is Re…
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