Renault SA (ENXTPA:RNO) acquired a minority 21.28% stake in WHYLOT on September 30, 2021. Renault SA (ENXTPA:RNO) signed a partnership with WHYLOT on June 2021. This equity investment will enable Renault Group and Whylot to position themselves in the coming years as leaders in the development and industrialization of innovative and affordable electric motors and to support the very strong growth of the electrified vehicle market in France and Europe.

Renault SA (ENXTPA:RNO) completed the acquisition of a minority 21.28% stake in WHYLOT for €10 million on September 30, 2021.