Recently, we learned from relevant sources that Renault's electric vehicle business will be independent and plans to be listed separately (IPO) next year. At the same time, Renault may also consider selling a 43% stake in Nissan to raise funds for the electrification transition, which may also have some impact on the alliance between the two.
It is reported that the main reason why Renault considered splitting the electric vehicle business independently is to improve efficiency, the company hopes to better operate the business through a more targeted business model, capital allocation and team, but there is no formal decision on whether to eventually split the electric vehicle business.
In response to the sale of Nissan's shares, Renault currently holds a 43% stake in Nissan and has voting rights, but Nissan only owns 15% of Renault's non-voting shares. Unequal cross-shareholdings have also become a source of tension between the two sides, so Nissan itself may be willing to buy some of the shares held by Renault.