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Will Ford's Renault Alliance Help Counter Rising Chinese EV Rivals?
ZACKS· 2025-12-10 17:01
Group 1 - Ford Motor Company is partnering with Renault SA to develop small, low-cost electric vehicles for Europe and co-produce commercial vans [1][8] - The first compact EV from this partnership will be built in northern France and is expected to reach European showrooms in 2028 [2][8] - Ford's market share in the European passenger car market has decreased from 6.1% in 2019 to 3.3% in 2023, highlighting the need for this alliance to enhance competitiveness [4][8] Group 2 - The collaboration aims to create a European light commercial vehicle (LCV) powerhouse that can effectively compete against Chinese rivals [3] - Ford's share price has increased by 32.1% year-to-date, outperforming the Zacks Automotive-Domestic industry, which has grown by 12.7% [7] - The Zacks Consensus Estimate for Ford's 2025 EPS has decreased by 2 cents in the past week, while the estimate for 2026 EPS has increased by 1 cent [9]