Renault EV IPO: Everything you need to know about Renault's EV business
Renault is thinking about spinning off its EV business via an IPO in 2023. Find out everything we know about the potential listing.
Share this:
What do we know about the Renault EV IPO?
French car manufacturer Renault is exploring a possible IPO for its electric vehicle unit in the second half of 2023. The move comes as firms across the industry attempt to benefit from rising EV sales and investor interest.
Take a look at other upcoming IPOs.
Renault has not yet made a concrete decision as to how the business will be split – they could just release separate figures – but the announcement has already started to create a buzz. The EV market could see a raft of competition enter the fray, as Ford also announced recently it would be separating its electric and non-electric businesses.
The plan for Renault’s EV IPO would need approval from its alliance partner Nissan. The company has said it would also consider lowering its stake in Nissan – which is currently 43% - as part of the plan to separate the EV business. The partnership between Nissan and Renault has existed for 23 years, so the decision won’t be made lightly.
What does Renault EV do?
Renault’s EV business currently operates as part of the Renault Group. It’s primarily made up of the E-TECH range, which is Renault’s electric vehicle models and hybrid engines. But Renault Group has announced it’s looking at supporting a dedicated EV entity in France, with the aim of being 100% electric in Europe by 2030.
Currently, Renault’s EV offering is:
- Zoe E-TECH electric
- Megane E-TECH electric
- Clio hybrid
- Capture hybrid
- Arkana hybrid
Is Renault’s EV business profitable?
Currently, Renault does not release separate figures for its EV business. The Group as a whole saw
revenues fall 2.7% to €9.75bn in the first three months of 2022 – this came amid the ongoing shortage of semiconductors and falling car sales as the company pulled out of Russia.
We do know that the E-TECH range currently accounts for 30% of Renault’s passenger car sales in Europe in 2021 (vs. 17% in 2020). The group's order backlog – as of Q4 2021 – in Europe has doubled compared with 2020, bolstered by the attractiveness of the Renault E-TECH range – particularly the Dacia Sandero and Dacia Spring 100% electric models.
Who are Renault’s EV competitors?
Renault’s EV division would be playing catch up to well-established players on the market, such as Tesla and Volkswagen Group.
As of 2021, Tesla dominates the market, with a 13.84% share of electric vehicle sales – selling close to 936,200 units for the year. VW Group comes in second, with 11.28% of the market, selling approximately 452,900 units in 2021. In comparison, Renault sold nearly 115,000 electric cars for the year.
Volkswagen is another automotive company restructuring its business, as it announced the intention to float its Porsche division.
Learn more about the Porsche IPO.
How to trade Renault’s EV stock
When it lists, you’ll be able to trade Renault EV shares in the same way you would any other company on the stock market.
In the meantime, you can trade thousands of global shares with FOREX.com in just four steps:
- Open an account, or log in if you’re already a customer
- Search for the company you want to trade in our award-winning platform
- Choose your position and size, and your stop and limit levels
- Place the trade
Alternatively, you can practise trading with a free demo account ahead of Renault’s EV IPO.
What do we know about the Renault EV IPO?
French car manufacturer Renault is exploring a possible IPO for its electric vehicle unit in the second half of 2023. The move comes as firms across the industry attempt to benefit from rising EV sales and investor interest.
Take a look at other upcoming IPOs.
Renault has not yet made a concrete decision as to how the business will be split – they could just release separate figures – but the announcement has already started to create a buzz. The EV market could see a raft of competition enter the fray, as Ford also announced recently it would be separating its electric and non-electric businesses.
The plan for Renault’s EV IPO would need approval from its alliance partner Nissan. The company has said it would also consider lowering its stake in Nissan – which is currently 43% - as part of the plan to separate the EV business. The partnership between Nissan and Renault has existed for 23 years, so the decision won’t be made lightly.
What does Renault EV do?
Renault’s EV business currently operates as part of the Renault Group. It’s primarily made up of the E-TECH range, which is Renault’s electric vehicle models and hybrid engines. But Renault Group has announced it’s looking at supporting a dedicated EV entity in France, with the aim of being 100% electric in Europe by 2030.
Currently, Renault’s EV offering is:
- Zoe E-TECH electric
- Megane E-TECH electric
- Clio hybrid
- Capture hybrid
- Arkana hybrid
Is Renault’s EV business profitable?
Currently, Renault does not release separate figures for its EV business. The Group as a whole saw
revenues fall 2.7% to €9.75bn in the first three months of 2022 – this came amid the ongoing shortage of semiconductors and falling car sales as the company pulled out of Russia.
We do know that the E-TECH range currently accounts for 30% of Renault’s passenger car sales in Europe in 2021 (vs. 17% in 2020). The group's order backlog – as of Q4 2021 – in Europe has doubled compared with 2020, bolstered by the attractiveness of the Renault E-TECH range – particularly the Dacia Sandero and Dacia Spring 100% electric models.
Who are Renault’s EV competitors?
Renault’s EV division would be playing catch up to well-established players on the market, such as Tesla and Volkswagen Group.
As of 2021, Tesla dominates the market, with a 13.84% share of electric vehicle sales – selling close to 936,200 units for the year. VW Group comes in second, with 11.28% of the market, selling approximately 452,900 units in 2021. In comparison, Renault sold nearly 115,000 electric cars for the year.
Volkswagen is another automotive company restructuring its business, as it announced the intention to float its Porsche division.
Learn more about the Porsche IPO.
How to trade Renault’s EV stock
When it lists, you’ll be able to trade Renault EV shares in the same way you would any other company on the stock market.
In the meantime, you can trade thousands of global shares with City Index in just four steps:
- Open an account, or log in if you’re already a customer
- Search for the company you want to trade in our award-winning platform
- Choose your position and size, and your stop and limit levels
- Place the trade
Alternatively, you can practise trading with a free demo account ahead of Renault’s EV IPO.
Open an account in minutes
Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 0.3 pts on indices.
Economic calendar
Web Trader platform
Our sophisticated web-based platform is packed with features.
Related articles
Gold Q4 2026 outlook: Resilience in the face of rallying dollar and yields
As we headed towards the latter stages of Q3 and into Q4, the Fed had just hiked rates in a hawkish FOMC meeting, while the likes of the ECB and BoJ had also tightened their respective policies. Oil prices remained elevated amid the prolonged US-Iran conflict. Meanwhile, bond yields were breaking out, and the dollar was higher across the board. Yet, remarkably, gold was still holding in the positive territory for the third quarter, even if it had weakened somewhat in September.
ASX 200 Slides as Oil, Yields and Rate Risks Hit Sentiment
The ASX 200 suffered its worst week in six months as surging oil, higher bond yields and renewed rate-hike bets drove a broad risk-off move.
DeepSeek IPO: Everything You Need to Know About DeepSeek
DeepSeek IPO: Learn about its potential 2027 listing, valuation, revenue, profitability, ownership, competitors and what investors should watch.
This report is intended for general circulation only. It should not be construed as a recommendation, or an offer (or solicitation of an offer) to buy or sell any financial products. The information provided does not take into account your specific investment objectives, financial situation or particular needs. Before you act on any recommendation that may be contained in this report, independent advice ought to be sought from a financial adviser regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs.
StoneX Financial Pte. Ltd., may distribute reports produced by its respective foreign entities or affiliates within the StoneX group of companies or third parties pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the report is distributed to a person in Singapore who is not an accredited investor, expert investor or an institutional investor (as defined in the Securities Futures Act), StoneX Financial Pte. Ltd. accepts legal responsibility to such persons for the contents of the report only to the extent required by law. Singapore recipients should contact StoneX Financial Pte. Ltd. at 6826 9988 for matters arising from, or in connection with the report.
In the case of all other recipients of this report, to the extent permitted by applicable laws and regulations neither StoneX Financial Pte. Ltd. nor its associated companies will be responsible or liable for any loss or damage incurred arising out of, or in connection with, any use of the information contained in this report and all such liability is hereby expressly disclaimed. No representation or warranty is made, express or implied, that the content of this report is complete or accurate.
StoneX Financial Pte. Ltd. is not under any obligation to update this report.
Trading CFDs carries a high level of risk that may not be suitable for some investors. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice. Visit www.forex.com/en-sg/terms-and-policies for the complete Risk Disclosure Statement.