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Renault analyzes spinning off its electric car business through an IPO



Reuters.- French automaker Renault said on Friday that all options are on the table to spin off its electric vehicle (EV) business, including a possible IPO in the second half of 2023.


Thierry Piéton, Renault's finance chief, said any plan is subject to approval from partner Nissan, but made clear the Japanese automaker is informed as the company weighs options.


Renault has pressed ahead with plans to split its electric vehicle and combustion engine businesses as it tries to keep pace with Tesla and Volkswagen in the race to cleaner driving.


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