Renault talks to China's Li Auto and Xiaomi on tech collaboration

Reuters04-26

PARIS, April 26 (Reuters) - Renault held talks this week with China's Li Auto and Xiaomi on electric and intelligent vehicle technologies, the French carmaker said on Friday, opening the door to potential collaboration on technology with the two companies.

KEY QUOTE

"Our CEO Luca de Meo engaged in pivotal conversations with industry leaders, including our partners Geely and Dongfeng, key suppliers but also the new players like the founders of Li Auto and Xiaomi Technology," Renault's procurement and partnerships chief Francois Provost said in a post on LinkedIn.

WHY IT'S IMPORTANT

The talks at the Beijing Autoshow come amid an increasingly tense relationship between Europe and China, with the European Commission launching a series of probes into Chinese exports.

Among them, it is investigating whether the rise in sales of Chinese EVs on the continent is due to unfair subsidies. China disputes the claim and has accused Europe of protectionism.

CONTEXT

De Meo has said Europe faces a difficult balancing act to both protect its market and learn from Chinese car manufacturers, which are far ahead in development of EVs and their software.

Renault already partners with China's Geely in thermal and hybrid powertrains, and collaborates with tech companies Google and Qualcomm in smart cockpits.

(Reporting by Gilles Guillaume Editing by Mark Potter)

((dominique.patton@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

1

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2430520816?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-26 21:58","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2430520816","market":"us","top_or_hot":-1,"title":"Renault talks to China's Li Auto and Xiaomi on tech collaboration","media":"Reuters","content":"<html><body><p>PARIS, April 26 (Reuters) - Renault    held talks this week with China's Li Auto    and Xiaomi    on electric and intelligent vehicle technologies, the French carmaker said on Friday, opening the door to potential collaboration on technology with the two companies.</p><p>    KEY QUOTE</p><p>   \"Our CEO Luca de Meo engaged in pivotal conversations with industry leaders, including our partners Geely and Dongfeng, key suppliers but also the new players like the founders of Li Auto and Xiaomi Technology,\" Renault's procurement and partnerships chief Francois Provost said in a post on LinkedIn.   </p><p>   WHY IT'S IMPORTANT </p><p>   The talks at the Beijing Autoshow come amid an increasingly tense relationship between Europe and China, with the European Commission launching a series of probes into Chinese exports.</p><p>   Among them, it is investigating whether the rise in sales of Chinese EVs on the continent is due to unfair subsidies. China disputes the claim and has accused Europe of protectionism.</p><p>    CONTEXT</p><p>   De Meo has said Europe faces a difficult balancing act to both protect its market and learn from Chinese car manufacturers, which are far ahead in development of EVs and their software.</p><p>   Renault already partners with China's Geely in thermal and hybrid powertrains, and collaborates with tech companies Google and Qualcomm in smart cockpits.</p><p> (Reporting by Gilles Guillaume Editing by Mark Potter)</p><p>((dominique.patton@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Renault talks to China's Li Auto and Xiaomi on tech collaboration</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRenault talks to China's Li Auto and Xiaomi on tech collaboration\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-26 21:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PARIS, April 26 (Reuters) - Renault    held talks this week with China's Li Auto    and Xiaomi    on electric and intelligent vehicle technologies, the French carmaker said on Friday, opening the door...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2097828805.USD","symbol_name":"AZ EQUITY CHINA \"A-AZ\" (USD) ACC","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2430520816","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430520816","pubTimestamp":1714139914,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"PARIS, April 26 (Reuters) - Renault    held talks this week with China's Li Auto    and Xiaomi    on electric and intelligent vehicle technologies, the French carmaker said on Friday, opening the door","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"81810":"小米集团-WR","LU2097828805.USD":"AZ EQUITY CHINA \"A-AZ\" (USD) ACC","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓","BK4563":"昨日强势股","XIACY":"小米集团ADR","LU2097828474.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC A","02015":"理想汽车-W","BK1502":"双十一","BK1575":"同股不同权","BK1607":"新IT概念","LU1720050803.USD":"安联全方位中国股票基金","BK1589":"北水核心资产","BK4585":"ETF&股票定投概念","QCOM":"高通","BK4555":"新能源车","BK1539":"汽车股","LU1794554557.SGD":"Allianz All China Equity AT Acc H2-SGD","BK1588":"回港中概股","BK1506":"5G概念","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","00489":"东风集团股份","BK4588":"碎股","BK4526":"热门中概股","BK1119":"汽车制造商","BK1193":"电脑硬件、储存设备及电脑周边","BK1587":"次新股","BK1523":"武汉本地概念股","BK4503":"景林资产持仓","LI":"理想汽车","LU2097828557.USD":"AZ EQUITY CHINA \"A\" (USD) ACC","BK4551":"寇图资本持仓","01810":"小米集团-W","LU2097828631.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC","BK1521":"挪威政府全球养老基金持仓","LU1770034418.SGD":"ALL CHINA EQUITY \"A\" (SGDHDG) ACC","LU2097828714.EUR":"AZ EQUITY CHINA \"BAZ\" (EUR) ACC"},"translate_title":"雷诺与理想汽车和小米就技术合作进行会谈","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"81810":0.6,"LI":1,"01810":0.9,"02015":0.9,"00489":0.9,"QCOM":0.9,"XIACY":0.6,"EVS.SI":0.6},"content_text":"PARIS, April 26 (Reuters) - Renault    held talks this week with China's Li Auto    and Xiaomi    on electric and intelligent vehicle technologies, the French carmaker said on Friday, opening the door to potential collaboration on technology with the two companies.    KEY QUOTE   \"Our CEO Luca de Meo engaged in pivotal conversations with industry leaders, including our partners Geely and Dongfeng, key suppliers but also the new players like the founders of Li Auto and Xiaomi Technology,\" Renault's procurement and partnerships chief Francois Provost said in a post on LinkedIn.      WHY IT'S IMPORTANT    The talks at the Beijing Autoshow come amid an increasingly tense relationship between Europe and China, with the European Commission launching a series of probes into Chinese exports.   Among them, it is investigating whether the rise in sales of Chinese EVs on the continent is due to unfair subsidies. China disputes the claim and has accused Europe of protectionism.    CONTEXT   De Meo has said Europe faces a difficult balancing act to both protect its market and learn from Chinese car manufacturers, which are far ahead in development of EVs and their software.   Renault already partners with China's Geely in thermal and hybrid powertrains, and collaborates with tech companies Google and Qualcomm in smart cockpits. (Reporting by Gilles Guillaume Editing by Mark Potter)((dominique.patton@thomsonreuters.com;))","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430520816"}