Renault 'confident' of recovery despite chip crisis, while Hyundai may challenge EU deal veto

'We know that it's a volatile and uncertain world," cautioned Renault CEO Luca de Meo.
Renault 'confident' of recovery despite chip crisis, while Hyundai may challenge EU deal veto

Renault is targeting to produce a 100% electric fleet by 2030.

Renault is "relatively confident" about its business year, but still sees some problems over chip supplies which it expects to be felt mostly in the first half of 2022, the French car marker's CEO said.

"We are relatively confident for 2022, but we know that it's a volatile and uncertain world," said Luca de Meo, adding that the car giant’s restructuring efforts were running ahead of schedule.

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