Following Volvo and Ford, Renault aims to spin off its EV business into a separate company
May 16, 2022
Last week, French company Renault announced its plan to fully review spinning off its electric car business into a separate company in 2023, in hopes of catching up with rivals Tesla and Volkswagen.
Renault said that the new EV spin-off could bring on board 10,000 new employees by 2023, and its business model would be “adapted to the specificities of electric vehicles and would be able to…