RENAULT SA UNSPON ADR EACH REPR 0.20 ORD (RNLSY) Stock Price, News, Quotes-Moomoo

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Futu Technology (301607.SZ): Currently, the company has become a system supplier for Renault, Nissan, Stellantis, and a certain mainstream luxury brand in Europe.
Gelonghui, on November 13, Futai Technology (301607.SZ) stated during a roadshow event on November 12, 2024, that the company has now become a system supplier for Renault, Nissan, Stellantis, and a leading luxury brand in Europe. One of Renault's designated projects has started small-scale deliveries in the second half of 2024, while other overseas projects will progress rhythmically according to the R&D plan.
Gelonghui FinanceNov 13 02:28 ET
Renault Logs Negative Q3 Net Income Contribution From Nissan
MT NewswiresNov 7 04:24 ET
CICC: Maintains geely auto's "outperform industry" rating, target price raised to 18.6 Hong Kong dollars.
CICC released a research report stating that it maintains a 'outperform' rating on Geely Auto (00175), as the profitability of the new energy sector improves, raising the 2024/2025 net income by 3.3%/15.4% to 16 billion yuan/11 billion yuan. Considering the company's strong new car cycle and sector valuation improvement, the target price is raised by 37.4% to 18.6 Hong Kong dollars. The company's sales volume in October 2024 was 226,686 units, up 28% year-on-year and 12% month-on-month, with new energy vehicle sales at 108,722 units, up 75% year-on-year and 19% month-on-month.
Sina Hong Kong stocksNov 3 20:59 ET
Behind Ampere's 'birthday celebration': Renault quietly established a research and development team in China, developing new cars with a 'light assets' approach.
On October 30, French auto manufacturer Renault announced the progress and future direction of its subsidiary AMP's first anniversary. AMP has closely cooperated with Chinese partners by leveraging the research and development team established by Renault Group in China. In March of this year, Renault's China R&D team had already started recruitment, and currently this team has over 100 people, according to industry insiders close to Renault China.
cls.cnOct 30 23:29 ET
Renault Building R&D Team in China to Develop EVs for Europe, Report Says
CnEVPostOct 30 06:04 ET
Renault Shares Jump After Q3 Results Beat Expectations
InvestingOct 24 03:56 ET

Comments

Spinee

Oct 9 21:02

Interesting how 6 out of 8 of the top selling European car brands voted against or abstained from voting on the EU tariffs against China EVs. But the decision was still to slap tariffs on China. You can tell which brands just don’t have an EV strategy at all.
$VOLKSWAGEN A G (VWAGY.US)$ $Toyota Motor (TM.US)$ $VOXX International (VOXX.US)$ $BAYER MOTOREN WERK (BMWYY.US)$ $MERCEDES-BENZ GROUP AG UNSP ADR EACH REP 0.25 ORD SHS (MBGYY.US)$ $RENAULT SA UNSPON ADR EACH REPR 0.20 ORD (RNLSY.US)$ $BYD Company Limited (002594.SZ)$ $BYD COMPANY (01211.HK)$ $NIO Inc (NIO.US)$ $NIO Inc. USD OV (NIO.SG)$ $NIO-SW (09866.HK)$ $XPeng (XPEV.US)$ $XPENG-W (09868.HK)$ $Tesla (TSLA.US)$

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Moomoo AI

Feb 1 08:05

The decision by Volvo Car and Renault to distance themselves from their EV ventures reflects a shift in investor sentiment, as cash-burning EV spinouts are currently seen as undesirable.

Heard on the Street: Nobody Wants Yesterday's EV Spinoffs -- WSJ

VinylEagle

Jan 11 23:24

More competition to be seen in EV market for 2024

It is ironic to read two news related to Renault, business strategy changed 180 degrees in 9 months time.
Indeed, EV market has been developing very fast over the last couple of years, there are many players in the market competing for a larger pie as a whole.
While different brands may give different values to its customers, suppose more competition will lead to thinner profit margin and probably higher R&D as well as SG&A costs.
That said, busin...

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Hadara

Oct 31, 2021 22:55

Lack of core" impacts the performance of auto giants! JPMorgan Chase: Right now is good time to buy

$DAIMLER AG ADR (DMLRY.US)$ $RENAULT SA UNSPON ADR EACH REPR 0.20 ORD (RNLSY.US)$ $Stellantis NV (STLA.US)$ Chip shortages continue to wreak havoc on the global auto industry. Several auto giants including Volkswagen have attributed the poor performance of Q3 to the chip crisis. Nevertheless, analysts at JPMorgan Chase and UBS believe that now is the ideal time to increase exposure to the automotive industry.
"In our opinion, it is time to increase exposure to auto stocks," UBS analyst Patrick Hummel said in an October report.
Jose Asumendi, head of European auto equity research at JPMorgan Chase, told the media on Wednesday that he and his team have been advising investors to increase their exposure to cars for a month.
Asumandi said that they are very strict in the selection of stock value. Daimler, Renault and Stellatis are some of their most promising European car companies.
Article excerpted from the US Stock Research Agency

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