Renault cedes energy to Nissan for unknown benefits

Renault cedes energy to Nissan for unknown benefits

Renault CEO Luca de Meo recently announced plans to divide the company into five autonomous businesses, which has alarmed investors. The French automaker has also revealed intentions to increase connections with China’s Geely Automobile Holdings, which will invest heavily in Renault’s combustion engine sector. These developments have fueled speculation about the future of the Renault-Nissan alliance, with some speculating that Nissan may be wary of sharing its technology with too many third parties.