Renault sets the tone and overtakes Nissan – News

Thanks to the company’s strategic moves, Renault overtakes Nissan’s market value, heralding a new era of success for the French company.

April 9, 2024

In major changes in direction within the automotive industry, Renault he passed it Nissan in terms of market value, marking a historic turning point in their long association. With a 37% increase in the value of its shares this year, Renault has achieved a market value of 15 billion euros (about 16 billion dollars), putting it a billion dollars above its Japanese counterpart.

This success is attributed to the strong strategic actions taken by the CEO of Renault, Luca de Meo, who not only returned the company to profitability, but also greatly improved the range of products offered. Among the most effective measures are the exit from the Russian market, the division of the company’s division dedicated to electric vehicles and those with internal combustion engines, and the creation of new strategic partnerships with such giants. Qualcomm, Volvo Trucks and the Chinese giant Geely.

Ithe attention of Meo regarding electrification is evident with the launch of models such as the R5 E-Tech, offered at a competitive price of 25,000 euros, with a chance to gain a large share in the European market, oriented more towards electric vehicles. Thanks to these strategies, Renault has emerged as Europe’s best performing car stock this year.

On the other hand, Nissan it faces several challenges, including a dated product line, a lack of hybrid options in North America and increasing fierce competition in China. This has contributed to the loosening of the relationship between Renault and Nissan, leading Renault to sell the first part of Nissan shares last year and 2.5 percent more at the end of March, a move that was earlier than expected by analysts.

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