Renault SA pledged to reduce its battery costs by around 20%, in a bid to remain competitive by adopting a cheaper cell chemistry and new production processes for electric vehicle components.

Stellantis NV is focused on executing its business plans in key markets including Italy and isn’t considering a plan to merge with other manufacturers, Chairman John Elkann said.

Renault SA is deploying artificial intelligence technology to help cut the cost of producing electric vehicles in half by 2027 as the race to make affordable mass-market cars intensifies.

Nissan Motor Co. will be a major customer to Renault SA’s combustion engine venture as the partners push on with reshaping their troubled alliance and make progress in the EV transition.

Renault SA and Nissan Motor Co. are close to completing a landmark deal to rebalance their 24-year-long alliance, according to people familiar with the matter.

France’s Renault SA has formally signed a joint venture agreement with China’s Zhejiang Geely Holding Group Co. to set up a new combustion engine and hybrid powertrain company.

Renault SA is inviting investment banks to pitch for a role on the planned initial public offering of its Ampere electric vehicle business, according to people familiar with the matter.

Renault SA is in discussions with truck maker Volvo AB to collaborate on the French carmaker’s new electric van project to take on rivals such as Stellantis NV, according to people familiar with the matter.

Renault SA’s board named CEO Luca de Meo as a director and reappointed Chairman Jean-Dominique Senard for another four-year term, a sign of support for their plan to reshape the partnership with Nissan Motor Co.

Renault Trucks has helped Coca-Cola beat Pepsi and Tesla Inc. to the punch on electric deliveries. Coca-Cola will start using battery trucks from the Volvo AB-owned brand for local trips in Belgium on Nov. 24.