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Renault had 'friendly' discussions with Chinese investment bank - spokesperson

Published 31/10/2023, 10:30
© Reuters. FILE PHOTO: The logo of Renault is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 15, 2023. REUTERS/Gonzalo Fuentes/File Photo
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PARIS (Reuters) - French carmaker Renault (EPA:RENA) had "friendly" discussions with Chinese investment bank CICC about potential cooperation, but nothing has been signed or decided so far, a company spokesperson said, confirming media reports.

"A meeting took place between CICC and Renault Group for friendly discussions about China's market," a spokeswoman told Reuters.

Chinese media outlet Cailianshe reported on Friday that Renault and CICC had reached a preliminary intention agreement to jointly invest to establish an investment fund to focus on the NEV industry chain, citing people familiar with the matter.

© Reuters. FILE PHOTO: The logo of Renault is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 15, 2023. REUTERS/Gonzalo Fuentes/File Photo

Cailianshe added that Renault CEO Luca de Meo was in China for a week long visit.

CICC did not immediately respond to requests for comment.

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