ENXTPA:RNOAuto
Renault (ENXTPA:RNO): Evaluating Valuation After Strategic Geely Partnership in Brazil’s Automotive Market
Renault (ENXTPA:RNO) just finalized a strategic agreement that will see Geely acquire a 26% stake in Renault do Brasil. This partnership targets Brazil’s expanding automotive market and combines expertise to advance zero and low-emission vehicles in the region.
See our latest analysis for Renault.
Momentum around Renault has been hard to ignore lately, with the partnership news coinciding with a strong 8.4% 1-month share price return and a nearly 9.5% gain over the past 90 days. However, the...