French carmaker Renault said on Friday it expected to deliver a full-year 2021 profit even as a global shortage in semiconductor chips and rising raw material costs crimped production.
Renault said on Wednesday that electric vehicles would account for up to 90% of the French carmaker’s models by 2030, amping up its ambitions in a fast-growing sector where Volkswagen has stolen a march on its rivals.
French carmaker Renault said on Monday, it had sealed partnerships with China’s Envision AESC and France’s Verkor to produce electric car batteries in northern France.
Renault said on Friday it is still fighting the lingering effects of the COVID-19 pandemic, including a shortage of semiconductor chips, that could make for another rough year for the French carmaker.
French Economy Minister Bruno Le Maire opined that it was time for new leadership at Renault, saying that its jailed chairman Carlos Ghosn should be replaced as soon as possible.
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