The Renault Group is planning to separately list its electric vehicle business in an initial public offering (IPO) next year, chief financial officer Thierry Pieton has said.
The potential split comes as Renault is reportedly also considering a sale of a portion of its 43% stake in Nissan, which in turn could lead to a reorganisation of the 23-year-old alliance between the two companies.
Spinning off the EV side of the business will bring more efficiency to the business, believes Pieton.
