RENAULT : THE HOPE OF NORMALIZATION OF AUTOMOBILE PRODUCTION PROPELS RENAULT ON THE STOCK MARKET

Renault's price climbs more than 2% on Wednesday, amid less concern about the Omicron variant, and the resilience of the semiconductor market, which are now essential components for production automobile.


Renault's comeback can not be denied. Wednesday morning, the price of the French manufacturer jumped 2.66% to 33.14 euros around 10:00, placing the title on the path of a fifth consecutive session of clear progression (over this interval the increase now exceeds 11%).


The shortage of electronic components severely affected Renault production last year. Forced to shut down up to half of its factories for lack of semiconductor supplies, the group led by Luca de Meo is expected to post a "shortfall" of 500,000 vehicles in 2021, according to its latest forecasts .


But investors are now looking ahead to 2022, and the mainstream rhetoric is optimistic that the seemingly less dangerous Omicron wave will not hold back the recovery and prevent components production from returning to normal. keys especially in electronics.


Qualcomm as a new supplier


The tricolor equipment manufacturer Valeo also indicated on Tuesday that it envisaged a further improvement in the availability of micro-processors quarter after quarter this year, in the wake of a certain recovery observed in the past fourth quarter.


In addition, Renault can now count on a new supplier, Qualcomm. The Californian rival of Intel so far known for its "chips" intended for telecoms is rapidly developing its offer for the automobile, from processors intended for autonomous driving to those operating more modestly the multimedia console or the display of the table on board. The group announced Tuesday the conclusion of agreements to this effect with various manufacturers including Volvo, Honda and Renault .


In September, Qualcomm had already indicated it has been selected by Renault to supply the processors manage the infotainment system of the new Megane E-TECH Electric Renault , the opening command is attached to the next month.

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