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Renault Signs MOU With PUNCH Torino For Low-Emission Diesel Engines

Shivani Kumaresan
·1 分鐘文章

  • Renault ADR (OTC: RNLSY) and PUNCH Torino, a center of excellence for propulsion systems and electronics, have signed a binding Memorandum of Understanding (MOU) for low-emission diesel engines.

  • Under the terms of the agreement, PUNCH will purchase, use and sell the current and future Renault 4-cylinder Diesel engines.

  • The collaboration is based on the long-term experience of Renault Group in the engines’ production and the expertise of PUNCH Torino as reference of advanced low emission diesel propulsion systems and electronics.

  • Also Read: Airbus, Renault Join Forces To Advance Research On Battery Systems

  • The partnership on low-emission diesel engines for LCVs, will be brought by Renault Group to the Horse project business announced during its Capital Market Day.

  • Production of engines for the partners needs will be based at Renault Group’s Cléon plant in Normandy, France.

  • PUNCH will benefit from the long-term experience of Renault Group in the engines’ production and the technical skills of Cleon’s teams.

  • Renault Group will benefit from PUNCH Torino’s extensive engineering competence in engines’ development.

  • This agreement will set the foundation for potential future cooperation between the parties, including hydrogen-fuelled internal combustion engines.

  • Also Read: Renault's Deputy CEO Steps Down

  • Price Action: RNLSY shares closed lower by 1.31% at $7.56 on Monday.

  • Photo Via Company

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