Renault ‘Relatively Confident’ for 2022 Despite Some Chip Supply Worries | Technology News


GUYANCOURT (France) (Reuters) -Renault is “relatively confident” about its business year but still sees some problems over chips supplies which it expects to be felt mostly in the first half of 2022, the French carmarker’s Chief Executive Officer said on Thursday.

Shares in Renault edged up after the publication of the comments midday on Wednesday and traded 3.9 % higher at 1231 GMT, topping France’s bluechip CAC40 index which was down 0.55%.

The company also said it would step up the ambitions to shift its core Renault brand towards e-mobility, targeting to produce a “100 % electric” fleet by 2030, from 90% previously announced.

(Reporting by Gilles Guillaume;Writing by Tassilo Hummel;Editing by Sudip Kar-Gupta)

Copyright 2022 Thomson Reuters.